Danone SA (DANOY) Downgraded by Zacks Investment Research to “Sell”
Danone SA (NASDAQ:DANOY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.
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. “
Several other analysts have also recently issued reports on the stock. Sanford C. Bernstein began coverage on shares of Danone SA in a research note on Monday. They set an “outperform” rating for the company. Deutsche Bank AG cut shares of Danone SA from a “hold” rating to a “sell” rating in a research note on Friday, September 9th. Finally, JPMorgan Chase & Co. raised shares of Danone SA from an “underweight” rating to a “neutral” rating in a research note on Tuesday, July 12th.
Shares of Danone SA (NASDAQ:DANOY) traded up 1.41% during trading on Monday, reaching $15.06. 188,886 shares of the company traded hands. The firm’s 50 day moving average price is $15.10 and its 200-day moving average price is $14.42. The company has a market capitalization of $46.44 billion and a price-to-earnings ratio of 23.69. Danone SA has a 52 week low of $12.48 and a 52 week high of $15.77.
Danone SA Company Profile
Danone SA is a France-based food company. The Company is the parent company of the Danone Group (Group). The Company has mainly a role of holding, directly or indirectly, companies of the Group, and coordinating the Group’s main functions and activities. The Group is organized around its four divisions.
Receive News & Stock Ratings for Danone SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danone SA and related stocks with our FREE daily email newsletter.