Unilever NV (NYSE:UN) Stock Rating Upgraded by Zacks Investment Research
Unilever NV (NYSE:UN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, October 5th. The brokerage currently has a $66.00 target price on the stock. Zacks Investment Research‘s price target indicates a potential upside of 7.63% from the stock’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. “
Several other equities analysts have also recently weighed in on UN. BidaskClub cut Unilever NV from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. UBS AG restated a “neutral” rating on shares of Unilever NV in a report on Monday, July 17th. Royal Bank Of Canada cut Unilever NV from a “sector perform” rating to an “underperform” rating in a report on Thursday, August 10th. Finally, J P Morgan Chase & Co restated a “neutral” rating on shares of Unilever NV in a report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Unilever NV currently has a consensus rating of “Hold” and an average price target of $66.00.
Shares of Unilever NV (UN) traded up 0.87% during mid-day trading on Thursday, hitting $61.32. The company’s stock had a trading volume of 5,214,737 shares. The stock has a market cap of $172.46 billion, a PE ratio of 25.14 and a beta of 0.89. Unilever NV has a 1-year low of $38.41 and a 1-year high of $61.62. The company has a 50-day moving average price of $59.54 and a 200-day moving average price of $56.24.
Large investors have recently modified their holdings of the stock. Covington Capital Management lifted its stake in Unilever NV by 0.5% in the 1st quarter. Covington Capital Management now owns 55,397 shares of the company’s stock valued at $2,741,000 after purchasing an additional 250 shares during the last quarter. Bank of America Corp DE lifted its stake in Unilever NV by 3.6% in the 1st quarter. Bank of America Corp DE now owns 5,223,427 shares of the company’s stock valued at $259,500,000 after purchasing an additional 179,531 shares during the last quarter. Aristotle Capital Management LLC lifted its position in Unilever NV by 1.6% during the first quarter. Aristotle Capital Management LLC now owns 4,790,618 shares of the company’s stock worth $237,998,000 after acquiring an additional 74,444 shares during the last quarter. Mirador Capital Partners LP lifted its position in Unilever NV by 24.0% during the second quarter. Mirador Capital Partners LP now owns 43,647 shares of the company’s stock worth $2,541,000 after acquiring an additional 8,441 shares during the last quarter. Finally, Birinyi Associates Inc. lifted its position in Unilever NV by 2.6% during the second quarter. Birinyi Associates Inc. now owns 38,772 shares of the company’s stock worth $2,143,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 8.97% of the company’s stock.
About Unilever NV
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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