Nielsen (NYSE:NLSN) Price Target Cut to $23.00 by Analysts at Credit Suisse Group

Nielsen (NYSE:NLSN) had its price objective cut by Credit Suisse Group from $27.00 to $23.00 in a report issued on Thursday, March 28th, BenzingaRatingsTable reports. They currently have a neutral rating on the business services provider’s stock.

Other research analysts have also issued research reports about the stock. 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. Zacks Investment Research raised shares of Nielsen from a sell rating to a hold rating in a research report on Thursday, December 13th. ValuEngine raised shares of Nielsen from a sell rating to a hold rating in a research report on Tuesday, March 5th. Finally, BMO Capital Markets upped 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. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Nielsen has a consensus rating of Hold and an average price target of $27.73.

NYSE:NLSN traded down $0.03 during trading hours on Thursday, reaching $26.23. The company’s stock had a trading volume of 2,915,455 shares, compared to its average volume of 5,320,309. The stock has a market capitalization of $9.32 billion, a PE ratio of 15.16, a P/E/G ratio of 1.41 and a beta of 0.88. Nielsen has a one year low of $20.53 and a one year high of $34.86. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.72.

Nielsen (NYSE:NLSN) last issued its quarterly earnings data 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). Nielsen had a positive return on equity of 13.68% and a negative net margin of 10.93%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. On average, sell-side analysts forecast that Nielsen will post 1.55 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Bessemer Group Inc. grew its stake in Nielsen by 231.7% during the fourth quarter. Bessemer Group Inc. now owns 1,184 shares of the business services provider’s stock worth $28,000 after buying an additional 827 shares during the last quarter. Enlightenment Research LLC bought a new stake in shares of Nielsen during the fourth quarter valued at approximately $42,000. ETF Managers Group LLC grew its stake in shares of Nielsen by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 4,100 shares of the business services provider’s stock valued at $96,000 after purchasing an additional 558 shares during the last quarter. Ffcm LLC grew its stake in shares of Nielsen by 113.7% during the fourth quarter. Ffcm LLC now owns 4,380 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 2,330 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Nielsen by 175.8% during the third quarter. Advisors Asset Management Inc. now owns 6,104 shares of the business services provider’s stock valued at $169,000 after purchasing an additional 3,891 shares during the last quarter. 99.84% of the stock is currently owned by hedge funds and other institutional investors.

Nielsen Company Profile

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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