HSBC Downgrades Unilever (NYSE:UN) to Reduce

HSBC cut shares of Unilever (NYSE:UN) from a hold rating to a reduce rating in a research note issued to investors on Tuesday, January 7th, The Fly reports.

Several other equities research analysts also recently commented on UN. Redburn Partners reiterated a sell rating on shares of Unilever in a research note on Friday, October 11th. Morgan Stanley downgraded shares of Unilever from an in-line rating to an underweight rating in a report on Wednesday, September 18th. Zacks Investment Research raised shares of Unilever from a sell rating to a hold rating in a research report on Thursday, December 19th. Finally, Liberum Capital raised shares of Unilever from a hold rating to a buy rating in a research report on Monday, December 2nd. Six equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Unilever has an average rating of Hold and an average target price of $68.00.

Shares of UN opened at $56.40 on Tuesday. The company has a market cap of $95.97 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 2.35 and a beta of 0.44. Unilever has a twelve month low of $52.40 and a twelve month high of $63.62. The company has a quick ratio of 0.61, a current ratio of 0.81 and a debt-to-equity ratio of 1.74. The company has a 50 day moving average of $58.08 and a two-hundred day moving average of $59.35.

Hedge funds and other institutional investors have recently modified their holdings of the business. We Are One Seven LLC increased its position in shares of Unilever by 0.8% during the 3rd quarter. We Are One Seven LLC now owns 20,095 shares of the company’s stock worth $1,206,000 after purchasing an additional 169 shares during the last quarter. Citizens Financial Group Inc RI increased its stake in shares of Unilever by 12.5% in the third quarter. Citizens Financial Group Inc RI now owns 1,543 shares of the company’s stock valued at $93,000 after buying an additional 171 shares during the period. Smithfield Trust Co. boosted its position in shares of Unilever by 0.8% during the 3rd quarter. Smithfield Trust Co. now owns 22,559 shares of the company’s stock valued at $1,354,000 after purchasing an additional 175 shares in the last quarter. Rehmann Capital Advisory Group boosted its holdings in Unilever by 35.6% in the second quarter. Rehmann Capital Advisory Group now owns 834 shares of the company’s stock worth $51,000 after acquiring an additional 219 shares in the last quarter. Finally, Zevin Asset Management LLC raised its stake in shares of Unilever by 3.0% in the third quarter. Zevin Asset Management LLC now owns 7,728 shares of the company’s stock worth $464,000 after purchasing an additional 228 shares during the last quarter. 8.21% of the stock is owned by institutional investors.

About Unilever

Unilever N.V. operates in the fast-moving consumer goods industry worldwide. It operates in three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.

Featured Article: What does the Dogs of the Dow mean?

The Fly

Analyst Recommendations for Unilever (NYSE:UN)

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.