Unilever (NYSE:UL) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research note issued on Wednesday. The brokerage presently has a $63.00 price target on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 12.34% from the stock’s previous close.

According to Zacks, “Unilever plc is engaged in manufacturing of branded and packaged consumer goods, including food, detergents and personal care products. The Company also has interests in specialty chemicals. Unilever sells its products internationally. “

Other analysts have also issued research reports about the stock. Argus initiated coverage on shares of Unilever in a research note on Friday, November 17th. They set a “hold” rating for the company. Morgan Stanley reiterated a “neutral” rating on shares of Unilever in a research note on Wednesday, October 11th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating on shares of Unilever in a research note on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $44.50.

Unilever (NYSE UL) traded down $0.07 during mid-day trading on Wednesday, reaching $56.08. 1,054,300 shares of the company’s stock traded hands, compared to its average volume of 1,670,097. Unilever has a 12-month low of $39.48 and a 12-month high of $60.13.

Several institutional investors have recently added to or reduced their stakes in UL. Geode Capital Management LLC grew its position in shares of Unilever by 3.2% during the first quarter. Geode Capital Management LLC now owns 23,196 shares of the company’s stock worth $1,144,000 after acquiring an additional 724 shares during the last quarter. Sei Investments Co. lifted its holdings in Unilever by 7.2% in the second quarter. Sei Investments Co. now owns 54,472 shares of the company’s stock worth $2,948,000 after purchasing an additional 3,642 shares during the period. First Trust Advisors LP lifted its holdings in Unilever by 2.9% in the second quarter. First Trust Advisors LP now owns 364,748 shares of the company’s stock worth $19,740,000 after purchasing an additional 10,259 shares during the period. Advisors Asset Management Inc. lifted its holdings in Unilever by 30.2% in the second quarter. Advisors Asset Management Inc. now owns 29,446 shares of the company’s stock worth $1,594,000 after purchasing an additional 6,830 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Unilever in the second quarter worth about $3,833,000. Institutional investors and hedge funds own 7.10% of the company’s stock.

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Unilever Company Profile

Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.

Analyst Recommendations for Unilever (NYSE:UL)

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