Danone (DANOY) Upgraded by Zacks Investment Research to Buy
Zacks Investment Research upgraded shares of Danone (OTCMKTS:DANOY) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning. They currently have $19.00 target price on the stock.
According to Zacks, “Danone SA is engaged in food processing activities primarily in France and internationally. The Company operates in four business lines: Fresh Dairy Products, Waters, Baby Nutrition, and Medical Nutrition. The Fresh Dairy Products division produces and markets yogurts, fermented fresh dairy products, and other specialized fresh dairy products .The Waters division produces and distributes packaged natural, flavored, and vitamin-enriched water. The Baby Nutrition division provides food for infants and toddlers to complement breast-feeding. The Medical Nutrition division offers products to treat disease-related to malnutrition. Danone SA, formerly known as Groupe Danone, is based in Paris, France. “
Other analysts have also issued reports about the stock. Wells Fargo & Company assumed coverage on shares of Danone in a research note on Friday, September 15th. They issued an outperform rating for the company. Royal Bank of Canada raised shares of Danone from an underperform rating to a sector perform rating in a research note on Wednesday, October 18th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Danone currently has a consensus rating of Hold and an average price target of $19.00.
Shares of Danone (OTCMKTS:DANOY) opened at $16.77 on Tuesday. Danone has a one year low of $12.21 and a one year high of $17.10. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.88 and a quick ratio of 0.72.
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Danone SA is engaged in holding directly or indirectly companies, and coordination of the main functions and activities. The Company operates through four segments: Fresh Dairy Products Division, Waters Division, Early Life Nutrition Division and Medical Nutrition Division. The Fresh Dairy Products Division produces and markets yogurts, fermented fresh dairy products and specialized dairy products.
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