Kepler Capital Sticks to Its Buy Rating for Nestlé SA (NSRGF)
Kepler Capital analyst Jon Cox maintained a Buy rating on Nestlé SA on January 6 and set a price target of CHF95.00. The company’s shares closed yesterday at CHF76.16.
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According to TipRanks, Cox is ranked #2924 out of 10355 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Nestlé SA with a CHF84.39 average price target.
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 12 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.
Read More on NSRGF:
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- Nestlé: Balancing Near‑Term Margin Pressure With Long‑Term Strategic Repositioning – Justifying a Hold Rating
- Nestle price target lowered to CHF 76 from CHF 81 at Jefferies
- Nestle price target lowered to CHF 85 from CHF 90 at Citi
- Cautious Outlook on Nestlé SA: Hold Rating Amid Modest Growth and Strategic Uncertainty
- Nestlé Announces Retirement of Key Executive Sanjay Bahadur
