Brokerages Set Unilever PLC (NYSE:UL) PT at $65.55

Shares of Unilever PLC (NYSE:UL) have earned a consensus rating of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $65.55.

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered Unilever from a “buy” rating to a “hold” rating in a research report on Monday, February 9th. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research report on Monday, February 23rd. Weiss Ratings lowered Unilever from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, March 31st. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 21st. Finally, Kepler Capital Markets lowered Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th.

Unilever Trading Down 0.7%

Shares of UL opened at $57.53 on Thursday. Unilever has a 52 week low of $54.95 and a 52 week high of $74.97. The business’s fifty day moving average price is $60.09 and its two-hundred day moving average price is $65.07.

Unilever (NYSE:UL) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.00). The firm had revenue of $11.87 billion during the quarter, compared to analyst estimates of $31.39 billion. Research analysts anticipate that Unilever will post 3.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Natixis Advisors LLC lifted its holdings in Unilever by 3.1% during the third quarter. Natixis Advisors LLC now owns 1,247,467 shares of the company’s stock worth $73,950,000 after acquiring an additional 37,630 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in Unilever by 160.8% during the fourth quarter. Evergreen Capital Management LLC now owns 82,192 shares of the company’s stock worth $5,375,000 after acquiring an additional 50,682 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in Unilever by 37.3% during the fourth quarter. DAVENPORT & Co LLC now owns 78,400 shares of the company’s stock worth $5,127,000 after acquiring an additional 21,313 shares in the last quarter. Cullen Investment Group LTD. bought a new position in Unilever during the fourth quarter worth about $5,003,000. Finally, HF Advisory Group LLC lifted its holdings in Unilever by 1,135.3% during the fourth quarter. HF Advisory Group LLC now owns 388,355 shares of the company’s stock worth $25,398,000 after acquiring an additional 356,918 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.

Unilever Company Profile

Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.