Unilever N.V. (NYSE:UL) Receives Consensus Rating of “Hold” from Analysts

Unilever N.V. (NYSE:UL) has been given a consensus recommendation of “Hold” by the eight research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company.

A number of research firms have recently weighed in on UL. HSBC began coverage on shares of Unilever in a research note on Friday, June 28th. They set a “hold” rating on the stock. DZ Bank cut shares of Unilever from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Zacks Investment Research cut shares of Unilever from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Credit Suisse Group raised shares of Unilever from a “neutral” rating to an “outperform” rating in a research note on Friday, May 3rd.

A number of hedge funds and other institutional investors have recently modified their holdings of UL. Lazard Asset Management LLC boosted its stake in shares of Unilever by 406.0% during the 1st quarter. Lazard Asset Management LLC now owns 3,039,499 shares of the company’s stock worth $175,439,000 after purchasing an additional 2,438,811 shares during the last quarter. Thoroughbred Financial Services LLC boosted its stake in shares of Unilever by 5,957.8% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,218,640 shares of the company’s stock worth $121,864,000 after purchasing an additional 1,198,523 shares during the last quarter. Adams Diversified Equity Fund Inc. acquired a new stake in shares of Unilever during the 1st quarter worth about $11,163,000. Gabalex Capital Management LLC acquired a new stake in shares of Unilever during the 2nd quarter worth about $7,746,000. Finally, Parsec Financial Management Inc. boosted its stake in shares of Unilever by 66.3% during the 1st quarter. Parsec Financial Management Inc. now owns 290,714 shares of the company’s stock worth $16,780,000 after purchasing an additional 115,875 shares during the last quarter. 6.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:UL traded down $0.54 on Friday, reaching $59.87. 678,825 shares of the company were exchanged, compared to its average volume of 508,758. Unilever has a 1-year low of $50.80 and a 1-year high of $64.10. The company has a market capitalization of $70.25 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 2.54 and a beta of 0.55. The stock’s 50-day simple moving average is $62.30.

About Unilever

Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.

Further Reading: What is a portfolio manager?

Analyst Recommendations for Unilever (NYSE:UL)

Receive News & Ratings for Unilever Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever and related companies with MarketBeat.com's FREE daily email newsletter.