Unilever (UN) Upgraded by Zacks Investment Research to “Buy”

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Zacks Investment Research upgraded shares of Unilever (NYSE:UN) from a sell rating to a buy rating in a research report report published on Saturday morning. The firm currently has $60.00 target price on the stock.

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. “

A number of other brokerages also recently weighed in on UN. JPMorgan Chase & Co. downgraded shares of Unilever from a neutral rating to an underweight rating in a research report on Sunday, December 9th. UBS Group downgraded shares of Unilever from a buy rating to a neutral rating in a research report on Tuesday, January 8th. Finally, Jefferies Financial Group downgraded shares of Unilever from a buy rating to a hold rating in a research report on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $62.50.

Shares of NYSE UN traded up $0.35 during midday trading on Friday, hitting $53.30. The stock had a trading volume of 1,669,705 shares, compared to its average volume of 1,536,066. Unilever has a 52 week low of $51.56 and a 52 week high of $58.72.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UN. First Trust Advisors LP bought a new position in Unilever in the second quarter worth approximately $296,000. Dimensional Fund Advisors LP raised its position in Unilever by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 920,152 shares of the company’s stock worth $51,271,000 after acquiring an additional 55,943 shares during the period. Morgan Stanley raised its position in Unilever by 1.0% in the second quarter. Morgan Stanley now owns 1,167,013 shares of the company’s stock worth $65,027,000 after acquiring an additional 11,231 shares during the period. Northern Trust Corp increased its stake in shares of Unilever by 0.6% in the second quarter. Northern Trust Corp now owns 2,998,480 shares of the company’s stock worth $167,075,000 after purchasing an additional 16,474 shares in the last quarter. Finally, United Services Automobile Association increased its stake in shares of Unilever by 0.3% in the second quarter. United Services Automobile Association now owns 520,037 shares of the company’s stock worth $28,976,000 after purchasing an additional 1,602 shares in the last quarter.

About Unilever

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.

Further Reading: How Does the Quiet Period Work?

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Analyst Recommendations for Unilever (NYSE:UN)

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