Credit Suisse Group Upgrades Danone (DANOY) to “Outperform”
Danone (OTCMKTS:DANOY) was upgraded by research analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research note issued on Friday.
DANOY has been the subject of several other reports. Royal Bank of Canada raised shares of Danone from a “sector perform” rating to a “buy” rating in a research note on Thursday, July 5th. Zacks Investment Research cut shares of Danone from a “hold” rating to a “sell” rating in a research note on Friday, June 29th. Finally, Deutsche Bank raised shares of Danone from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.00.
DANOY stock opened at $15.61 on Friday. The company has a market capitalization of $47.88 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 2.25 and a beta of 0.76. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.05 and a quick ratio of 0.89. Danone has a one year low of $14.46 and a one year high of $17.54.
Danone SA operates in the food and beverage industry worldwide. The company operates through four segments: EDP International, EDP Noram, Specialized Nutrition, and Waters. It offers yogurts under the Danone, Activia, DanActiv, Danimals, Dannon, Danonino, Happy Family, Horizon Organic, Light & Fit, Oikos, YoCrunch, and Danio brands; and almond and soy milk, ice creams and novelties, and powdered proteins under the Silk, So Delicious, Vega, and Alpro brands.
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