Unilever NV (NYSE:UN) Receives Consensus Recommendation of “Hold” from Analysts

Unilever NV (NYSE:UN) has received a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $52.00.

Several analysts have recently weighed in on UN shares. Barclays raised Unilever from an “equal weight” rating to an “overweight” rating in a report on Friday, July 24th. Royal Bank of Canada reissued an “underperform” rating on shares of Unilever in a report on Friday. Deutsche Bank Aktiengesellschaft started coverage on Unilever in a report on Monday, October 19th. They issued a “buy” rating for the company. Credit Suisse Group reissued an “outperform” rating on shares of Unilever in a report on Monday, August 17th. Finally, Societe Generale raised Unilever from a “sell” rating to a “buy” rating in a research note on Tuesday, July 28th.

Shares of Unilever stock traded down $1.01 on Monday, hitting $59.64. The stock had a trading volume of 55,778 shares, compared to its average volume of 2,010,600. Unilever has a 52-week low of $42.00 and a 52-week high of $62.70. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 1.32. The stock has a market cap of $104.00 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 5.82 and a beta of 0.45. The company’s 50 day moving average price is $60.53 and its 200 day moving average price is $55.26.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.4845 per share. The ex-dividend date of this dividend is Thursday, October 29th. This is an increase from Unilever’s previous quarterly dividend of $0.47. This represents a $1.94 annualized dividend and a yield of 3.25%. Unilever’s dividend payout ratio is currently 64.34%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Proffitt & Goodson Inc. purchased a new position in shares of Unilever during the 2nd quarter worth approximately $34,000. Independence Bank of Kentucky purchased a new position in shares of Unilever during the 3rd quarter worth approximately $43,000. Thomas J. Herzfeld Advisors Inc. raised its stake in shares of Unilever by 85.5% during the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 831 shares of the company’s stock worth $49,000 after buying an additional 383 shares in the last quarter. Baystate Wealth Management LLC raised its stake in shares of Unilever by 27.7% during the 3rd quarter. Baystate Wealth Management LLC now owns 834 shares of the company’s stock worth $50,000 after buying an additional 181 shares in the last quarter. Finally, TCTC Holdings LLC purchased a new position in shares of Unilever during the 2nd quarter worth approximately $45,000. 7.95% of the stock is owned by hedge funds and other institutional investors.

Unilever Company Profile

Unilever N.V. operates in the fast-moving consumer goods industry worldwide. It operates in three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.

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Analyst Recommendations for Unilever (NYSE:UN)

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