Danone (DANOY) Lifted to “Buy” at Zacks Investment Research
Danone (OTCMKTS:DANOY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm currently has a $18.00 price target on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 11.80% from the stock’s current price.
According to Zacks, “Danone SA is engaged in food processing activities primarily in France and internationally. The Company operates in four business lines: Fresh Dairy Products, Waters, Baby Nutrition, and Medical Nutrition. The Fresh Dairy Products division produces and markets yogurts, fermented fresh dairy products, and other specialized fresh dairy products .The Waters division produces and distributes packaged natural, flavored, and vitamin-enriched water. The Baby Nutrition division provides food for infants and toddlers to complement breast-feeding. The Medical Nutrition division offers products to treat disease-related to malnutrition. Danone SA, formerly known as Groupe Danone, is based in Paris, France. “
Separately, Wells Fargo & Company started coverage on shares of Danone in a research report on Friday. They set an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Danone currently has a consensus rating of “Buy” and a consensus price target of $18.00.
Danone (OTCMKTS:DANOY) traded down 0.68% on Friday, hitting $16.10. The company’s stock had a trading volume of 121,007 shares. The firm has a market cap of $50.88 billion, a price-to-earnings ratio of 23.45 and a beta of 0.74. Danone has a 12 month low of $12.21 and a 12 month high of $17.10. The firm has a 50 day moving average of $15.73 and a 200 day moving average of $14.71.
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Danone SA is engaged in holding directly or indirectly companies, and coordination of the main functions and activities. The Company operates through four segments: Fresh Dairy Products Division, Waters Division, Early Life Nutrition Division and Medical Nutrition Division. The Fresh Dairy Products Division produces and markets yogurts, fermented fresh dairy products and specialized dairy products.
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