Unilever (NYSE:UL) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a report released on Wednesday. The firm currently has a $63.00 price objective on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 12.34% from the company’s previous close.

According to Zacks, “Unilever plc is engaged in manufacturing of branded and packaged consumer goods, including food, detergents and personal care products. The Company also has interests in specialty chemicals. Unilever sells its products internationally. “

A number of other analysts have also weighed in on the stock. Argus began coverage on shares of Unilever in a research note on Friday, November 17th. They set a “hold” rating on the stock. Morgan Stanley restated a “neutral” rating on shares of Unilever in a research note on Wednesday, October 11th. Finally, J P Morgan Chase & Co restated a “neutral” rating on shares of Unilever in a research note on Thursday, September 7th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $44.50.

Shares of Unilever (UL) traded down $0.07 during trading hours on Wednesday, reaching $56.08. 1,054,300 shares of the company’s stock were exchanged, compared to its average volume of 1,670,097. Unilever has a one year low of $39.48 and a one year high of $60.13.

Several hedge funds have recently added to or reduced their stakes in UL. Harding Loevner LP boosted its holdings in Unilever by 5,115.5% in the third quarter. Harding Loevner LP now owns 136,128,531 shares of the company’s stock valued at $24,696,000 after purchasing an additional 133,518,453 shares in the last quarter. LMR Partners LLP acquired a new position in Unilever in the third quarter valued at approximately $40,438,000. Goldman Sachs Group Inc. boosted its holdings in Unilever by 47.6% in the second quarter. Goldman Sachs Group Inc. now owns 1,837,277 shares of the company’s stock valued at $99,434,000 after purchasing an additional 592,653 shares in the last quarter. Assetmark Inc. boosted its holdings in Unilever by 25,856.4% in the third quarter. Assetmark Inc. now owns 230,752 shares of the company’s stock valued at $13,374,000 after purchasing an additional 229,863 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd acquired a new position in Unilever in the second quarter valued at approximately $10,548,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

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Unilever Company Profile

Unilever PLC 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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