Nielsen N.V. (NLSN) Rating Increased to Buy at BidaskClub
Nielsen N.V. (NYSE:NLSN) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.
Several other research analysts also recently issued reports on the stock. Deutsche Bank AG restated a “hold” rating and set a $44.00 price objective (down previously from $47.00) on shares of Nielsen N.V. in a report on Saturday, April 29th. Zacks Investment Research upgraded shares of Nielsen N.V. from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. BMO Capital Markets restated a “hold” rating and set a $45.00 price objective on shares of Nielsen N.V. in a report on Monday, April 17th. Morgan Stanley dropped their price objective on shares of Nielsen N.V. from $52.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, April 28th. Finally, TheStreet cut shares of Nielsen N.V. from a “b-” rating to a “c” rating in a research note on Tuesday, April 25th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $46.64.
Nielsen N.V. (NLSN) traded down 1.44% during trading on Friday, reaching $42.37. The company had a trading volume of 2,932,720 shares. The firm has a 50-day moving average price of $38.86 and a 200 day moving average price of $40.87. Nielsen N.V. has a 12-month low of $36.96 and a 12-month high of $54.99. The stock has a market cap of $15.11 billion, a P/E ratio of 30.88 and a beta of 0.97.
Nielsen N.V. (NYSE:NLSN) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by $0.14. Nielsen N.V. had a return on equity of 15.96% and a net margin of 7.68%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the firm posted $0.31 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts predict that Nielsen N.V. will post $2.62 EPS for the current fiscal year.
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In other Nielsen N.V. news, CFO Jamere Jackson sold 11,500 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $38.55, for a total transaction of $443,325.00. Following the sale, the chief financial officer now directly owns 87,888 shares of the company’s stock, valued at $3,388,082.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Hasker sold 20,930 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $43.00, for a total transaction of $899,990.00. Following the sale, the insider now directly owns 79,341 shares in the company, valued at $3,411,663. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Nielsen N.V. by 5.8% in the first quarter. Vanguard Group Inc. now owns 34,704,266 shares of the business services provider’s stock valued at $1,433,633,000 after buying an additional 1,892,556 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Nielsen N.V. by 4,459.8% in the first quarter. BlackRock Inc. now owns 30,913,604 shares of the business services provider’s stock valued at $1,277,040,000 after buying an additional 30,235,644 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Nielsen N.V. by 7.7% in the first quarter. Ameriprise Financial Inc. now owns 9,684,655 shares of the business services provider’s stock valued at $400,075,000 after buying an additional 695,422 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Nielsen N.V. by 30.1% in the first quarter. OppenheimerFunds Inc. now owns 8,341,491 shares of the business services provider’s stock valued at $344,587,000 after buying an additional 1,930,102 shares in the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt boosted its stake in shares of Nielsen N.V. by 5.6% in the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 7,579,000 shares of the business services provider’s stock valued at $292,928,000 after buying an additional 400,000 shares in the last quarter. 94.98% of the stock is currently owned by hedge funds and other institutional investors.
About Nielsen N.V.
Nielsen N.V. (Nielsen), formerly Nielsen Holdings N.V., is an information and measurement company. The Company is engaged in providing clients with an understanding of consumers and consumer behavior. The Company delivers media and marketing information, and analytics on a global and local basis. Nielsen operates through two business segments: Buy and Watch.
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