Bernstein Sticks to Its Hold Rating for Nestlé SA (NSRGF)

Bernstein analyst Callum Elliott maintained a Hold rating on Nestlé SA today and set a price target of CHF79.00.

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According to TipRanks, Elliott is a 2-star analyst with an average return of 0.8% and a 50.00% success rate. Elliott covers the Consumer Defensive sector, focusing on stocks such as Nestlé SA, DANONE SA, and Unilever.

In addition to Bernstein, Nestlé SA also received a Hold from Citi’s Cedric Besnard in a report issued on December 17. However, on December 16, Kepler Capital maintained a Buy rating on Nestlé SA (Other OTC: NSRGF).

Based on Nestlé SA’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of CHF44.41 billion and a net profit of CHF5.07 billion. In comparison, last year the company earned a revenue of CHF45.23 billion and had a net profit of CHF5.64 billion

Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NSRGF in relation to earlier this year.