Nestle SA (OTCMKTS:NSRGY – Free Report) – Equities research analysts at Erste Group Bank lowered their FY2026 earnings estimates for shares of Nestle in a report issued on Thursday, October 8th. Erste Group Bank analyst S. Lingnau now anticipates that the company will earn $5.41 per share for the year, down from their previous estimate of $5.48. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Nestle’s current full-year earnings is $5.47 per share. Erste Group Bank also issued estimates for Nestle’s FY2027 earnings at $5.76 EPS.
Several other brokerages also recently commented on NSRGY. Morgan Stanley restated an “underweight” rating on shares of Nestle in a research report on Thursday, July 2nd. Jefferies Financial Group upgraded Nestle from a “hold” rating to a “buy” rating in a research report on Tuesday, July 21st. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Nestle Price Performance
OTCMKTS:NSRGY opened at $94.54 on Tuesday. The business’s 50-day simple moving average is $95.46 and its two-hundred day simple moving average is $98.68. Nestle has a 52 week low of $89.50 and a 52 week high of $109.59.
Institutional Investors Weigh In On Nestle
Several institutional investors have recently modified their holdings of the stock. Copeland Capital Management LLC bought a new position in shares of Nestle during the 3rd quarter valued at approximately $216,000. Douglas Lane & Associates LLC raised its holdings in Nestle by 0.7% during the 3rd quarter. Douglas Lane & Associates LLC now owns 1,011,074 shares of the company’s stock valued at $91,785,000 after buying an additional 6,798 shares during the period. Ramsay Stattman Vela & Price Inc. lifted its position in Nestle by 0.5% in the second quarter. Ramsay Stattman Vela & Price Inc. now owns 60,336 shares of the company’s stock worth $6,196,000 after buying an additional 290 shares during the last quarter. Archer Investment Corp bought a new stake in Nestle in the second quarter worth $522,000. Finally, North Star Asset Management Inc. purchased a new position in Nestle during the second quarter worth $775,000. 0.61% of the stock is owned by institutional investors.
Nestle Company Profile
Nestlé SA is a Switzerland-based food and beverage company that develops, manufactures and markets products across categories including coffee, bottled water, dairy, confectionery, prepared foods, nutrition and pet care. Its portfolio includes internationally recognized brands such as Nescafé, Nespresso, KitKat, Purina, Nestlé Health Science and Maggi.
The company traces its origins to the 19th century, when Henri Nestlé developed an infant cereal, and to the Anglo-Swiss Condensed Milk Company.
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