Goldman Sachs Remains a Buy on Nestlé SA (NSRGF)

Business Insider

2 days ago

In a report released yesterday, Olivier Nicolai from Goldman Sachs reiterated a Buy rating on Nestlé SA, with a price target of CHF92.00. The company's shares closed yesterday at $90.99.
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Nicolai covers the Consumer Defensive sector, focusing on stocks such as Nestlé SA, Reckitt, and Diageo. According to TipRanks, Nicolai has an average return of 3.9% and a 53.89% success rate on recommended stocks.
In addition to Goldman Sachs, Nestlé SA also received a Buy from DZ BANK AG's Axel Herlinghaus in a report issued on July 24. However, yesterday, Barclays maintained a Hold rating on Nestlé SA (Other OTC: NSRGF).
Based on Nestlé SA's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $46.49 billion and a net profit of $5.24 billion. In comparison, last year the company earned a revenue of $46.71 billion and had a net profit of $5.56 billion
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NSRGF in relation to earlier this year.