Unilever NV (UN) Rating Increased to Buy at Zacks Investment Research
Unilever NV (NYSE:UN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The brokerage currently has a $66.00 price objective on the stock. Zacks Investment Research‘s target price indicates a potential upside of 11.49% from the company’s previous close.
According to Zacks, “Unilever is one of the world’s largest consumer products companies. They produce and market a wide range of foods, home and personal care products. Their leading brands include Dove, Lipton, Magnum, Omo and Rama. They are the number one producer of frozen foods in Europe, They are also a leader in the branded olive oil category the most important brand being Bertolli. They are the largest seller of packet tea in the world through our Lipton and Brooke Bond brands. “
A number of other equities analysts have also recently issued reports on UN. Royal Bank Of Canada cut Unilever NV from a “sector perform” rating to an “underperform” rating in a report on Thursday, August 10th. BidaskClub upgraded Unilever NV from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th. UBS AG restated a “neutral” rating on shares of Unilever NV in a report on Monday, July 17th. Finally, J P Morgan Chase & Co restated a “neutral” rating on shares of Unilever NV in a report on Thursday, September 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $66.00.
Shares of Unilever NV (NYSE:UN) traded down 0.02% during mid-day trading on Thursday, reaching $59.20. 1,318,471 shares of the company’s stock traded hands. Unilever NV has a 12 month low of $38.41 and a 12 month high of $60.90. The company has a market cap of $166.50 billion, a price-to-earnings ratio of 24.27 and a beta of 0.89. The company has a 50 day moving average of $59.38 and a 200 day moving average of $55.83.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UN. United States Steel & Carnegie Pension Fund purchased a new stake in Unilever NV in the 1st quarter valued at $42,782,000. Ameriprise Financial Inc. raised its position in Unilever NV by 7.2% in the 1st quarter. Ameriprise Financial Inc. now owns 251,635 shares of the company’s stock valued at $12,505,000 after buying an additional 16,802 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in Unilever NV in the 1st quarter valued at $206,000. OppenheimerFunds Inc. purchased a new stake in Unilever NV in the 1st quarter valued at $2,053,000. Finally, Harvest Management LLC purchased a new stake in Unilever NV in the 1st quarter valued at $497,000. 8.97% of the stock is owned by institutional investors and hedge funds.
Unilever NV Company Profile
Unilever N.V. is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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