Nielsen (NLSN) Now Covered by Credit Suisse Group
Credit Suisse Group initiated coverage on shares of Nielsen (NYSE:NLSN) in a research report sent to investors on Friday, MarketBeat.com reports. The brokerage issued a neutral rating and a $29.00 price target on the business services provider’s stock.
A number of other research firms have also recently commented on NLSN. Zacks Investment Research raised shares of Nielsen from a sell rating to a hold rating in a research report on Friday, November 30th. Pivotal Research cut shares of Nielsen from a buy rating to a hold rating and set a $27.00 price target on the stock. in a research report on Wednesday, August 15th. Citigroup reduced their price target on shares of Nielsen from $41.00 to $29.00 and set a buy rating on the stock in a research report on Monday, August 20th. Robert W. Baird increased their price target on shares of Nielsen from $26.00 to $30.00 and gave the stock a buy rating in a research report on Tuesday, August 14th. Finally, Goldman Sachs Group raised shares of Nielsen from a sell rating to a neutral rating and increased their price target for the stock from $20.00 to $25.00 in a research report on Thursday, August 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $28.50.
NYSE NLSN traded down $0.77 during trading hours on Friday, reaching $26.43. The company had a trading volume of 2,931,714 shares, compared to its average volume of 3,338,430. Nielsen has a 1-year low of $20.53 and a 1-year high of $39.25. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $9.66 billion, a P/E ratio of 12.53, a PEG ratio of 1.16 and a beta of 0.85.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 5th. Investors of record on Wednesday, November 21st were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, November 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.30%. Nielsen’s payout ratio is 66.35%.
In related news, SVP Jeffrey Charlton sold 6,337 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $27.46, for a total transaction of $174,014.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC purchased a new stake in shares of Nielsen during the second quarter worth approximately $122,000. Advisors Asset Management Inc. increased its stake in Nielsen by 175.8% in the third quarter. Advisors Asset Management Inc. now owns 6,104 shares of the business services provider’s stock valued at $169,000 after purchasing an additional 3,891 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Nielsen by 112.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 6,150 shares of the business services provider’s stock valued at $170,000 after purchasing an additional 3,250 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new position in Nielsen in the third quarter valued at approximately $187,000. Finally, Point72 Hong Kong Ltd purchased a new position in Nielsen in the second quarter valued at approximately $188,000.
Nielsen Company Profile
Nielsen Holdings plc, together with its subsidiaries, operates as an information and measurement company. It operates through Buy and Watch segments. The company provides media and marketing information, analytics, and manufacturer and retailer expertise about what and where consumers buy, read, watch, and listen.
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