In a report released yesterday, Olivier Nicolai from Goldman Sachs maintained a Buy rating on Nestlé SA (NSRGF – Research Report), with a price target of CHF130.00. The company’s shares closed last Tuesday at $131.00, close to its 52-week high of $136.15.
Nicolai has an average return of 17.1% when recommending Nestlé SA.
According to TipRanks.com, Nicolai is ranked #1418 out of 7752 analysts.
Nestlé SA has an analyst consensus of Strong Buy, with a price target consensus of $138.35, which is a 5.1% upside from current levels. In a report issued on November 25, Kepler Capital also maintained a Buy rating on the stock with a CHF125.00 price target.
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Based on Nestlé SA’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NSRGF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Nestlé SA is a nutrition, health and wellness company, which engages in the manufacture, supply and production of prepared dishes and cooking aids, milk-based products, pharmaceuticals and ophthalmic goods, baby foods and cereals. The company products portfolio includes powdered and liquid beverages, water, milk products and ice cream, nutrition and health science, prepared dishes and cooking aids, confectionery, and pet care. It operates through the following segments: Zone EMENA, Zone Americas, Zone Asia, Oceania & Africa, Nestlé Waters, Nestlé Nutrition, and Other Businesses. The Other Business segment is comprised of Nespresso, Nestle Health Science and Nestle Skin Health. The company was founded by Henri Nestlé in 1866 and is headquartered in Vevey, Switzerland.
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