Nielsen (NLSN) PT Set at $28.00 by SunTrust Banks

SunTrust Banks set a $28.00 price objective on Nielsen (NYSE:NLSN) in a research note released on Thursday, March 28th, Stock Target Advisor reports. The brokerage currently has a buy rating on the business services provider’s stock.

A number of other research analysts have also recently weighed in on NLSN. ValuEngine cut shares of Nielsen from a hold rating to a sell rating in a research report on Tuesday, January 22nd. Morgan Stanley set a $26.00 price objective on shares of Nielsen and gave the company a buy rating in a research report on Tuesday, January 8th. BMO Capital Markets boosted their price objective on shares of Nielsen from $24.00 to $26.00 and gave the company a market perform rating in a research report on Monday, March 4th. Credit Suisse Group set a $27.00 price objective on shares of Nielsen and gave the company a hold rating in a research report on Friday, March 1st. Finally, Zacks Investment Research reiterated a hold rating on shares of Nielsen in a research report on Monday, December 31st. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $27.73.

Nielsen stock traded down $0.03 during mid-day trading on Thursday, reaching $26.23. 2,915,455 shares of the company’s stock traded hands, compared to its average volume of 5,320,309. The company has a market cap of $9.32 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 1.41 and a beta of 0.88. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.72. Nielsen has a 12-month low of $20.53 and a 12-month high of $34.86.

Nielsen (NYSE:NLSN) last released its quarterly earnings results on Thursday, February 28th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.04). The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Nielsen had a negative net margin of 10.93% and a positive return on equity of 13.68%. Nielsen’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 EPS. On average, equities research analysts anticipate that Nielsen will post 1.55 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the business. Oakbrook Investments LLC purchased a new stake in shares of Nielsen during the first quarter valued at about $846,000. Nisa Investment Advisors LLC lifted its position in shares of Nielsen by 17.7% during the first quarter. Nisa Investment Advisors LLC now owns 66,284 shares of the business services provider’s stock valued at $1,569,000 after buying an additional 9,969 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Nielsen during the first quarter valued at about $695,000. Steinberg Global Asset Management purchased a new stake in shares of Nielsen during the first quarter valued at about $773,000. Finally, Sciencast Management LP purchased a new stake in shares of Nielsen during the first quarter valued at about $786,000. 99.84% of the stock is owned by institutional investors and hedge funds.

About Nielsen

Nielsen Holdings plc, together with its subsidiaries, operates as a measurement and data analytics company. It operates in two segments, Buy and Watch. The Buy segment provides retail transactional measurement data, consumer behavior information, and analytics primarily to businesses in the consumer packaged goods industry.

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