Unilever (UN) Upgraded at Zacks Investment Research

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Unilever (NYSE:UN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, June 8th.

According to Zacks, “Unilever is one of the world’s largest consumer products companies. They produce and market a wide range of foods, home and personal care products. Their leading brands include Dove, Lipton, Magnum, Omo and Rama. They are the number one producer of frozen foods in Europe, They are also a leader in the branded olive oil category the most important brand being Bertolli. They are the largest seller of packet tea in the world through our Lipton and Brooke Bond brands. “

Several other equities research analysts also recently commented on UN. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Unilever in a report on Tuesday, February 27th. Argus raised Unilever from a “hold” rating to a “buy” rating in a report on Friday, March 23rd. They noted that the move was a valuation call. UBS Group raised Unilever from a “neutral” rating to a “buy” rating in a report on Wednesday, March 28th. Finally, Goldman Sachs Group upgraded Unilever from a “sell” rating to a “neutral” rating in a research report on Sunday, March 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.00.

Shares of Unilever opened at $55.40 on Friday, Marketbeat reports. Unilever has a 1 year low of $51.56 and a 1 year high of $61.62. The firm has a market capitalization of $93.32 billion, a PE ratio of 21.90, a P/E/G ratio of 2.75 and a beta of 0.84.

Several institutional investors have recently made changes to their positions in UN. SeaCrest Wealth Management LLC bought a new stake in shares of Unilever during the 4th quarter worth approximately $113,000. Vestpro Financial Partners Inc. dba CPF Texas bought a new stake in shares of Unilever during the 4th quarter worth approximately $120,000. Loomis Sayles & Co. L P raised its stake in shares of Unilever by 248.4% during the 1st quarter. Loomis Sayles & Co. L P now owns 3,191 shares of the company’s stock worth $180,000 after purchasing an additional 2,275 shares in the last quarter. Icon Wealth Partners LLC bought a new stake in shares of Unilever during the 4th quarter worth approximately $182,000. Finally, Ancora Advisors LLC bought a new stake in Unilever in the 1st quarter valued at $205,000. Institutional investors own 8.53% of the company’s stock.

Unilever Company Profile

Unilever N.V. operates in the fast-moving consumer goods industry worldwide. The company operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skincare and haircare products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, Vaseline, Dermalogica, Murad, Dollar Shave Club, Zest & Camay, and Seventh Generation brands.

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Analyst Recommendations for Unilever (NYSE:UN)

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