BMO Capital Markets upgraded shares of Nielsen (NYSE:NLSN) from a market perform rating to an outperform rating in a report published on Monday morning, Marketbeat reports. They currently have $38.00 target price on the business services provider’s stock. The analysts noted that the move was a valuation call.
A number of other brokerages also recently commented on NLSN. Zacks Investment Research downgraded Nielsen from a hold rating to a sell rating in a research note on Tuesday, December 26th. Macquarie downgraded Nielsen from an outperform rating to a neutral rating and set a $38.00 target price on the stock. in a research note on Tuesday, January 2nd. Robert W. Baird upgraded Nielsen from a neutral rating to an outperform rating in a research note on Monday, January 8th. Deutsche Bank set a $33.00 target price on Nielsen and gave the stock a hold rating in a research note on Friday, February 9th. Finally, Credit Suisse Group lowered their price target on Nielsen from $44.00 to $43.00 and set an outperform rating on the stock in a research report on Friday, February 9th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. Nielsen has an average rating of Hold and a consensus target price of $41.88.
NLSN opened at $33.65 on Monday. The firm has a market capitalization of $11,533.87, a PE ratio of 15.55, a P/E/G ratio of 1.61 and a beta of 0.95. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.34 and a quick ratio of 1.34. Nielsen has a 12 month low of $30.64 and a 12 month high of $43.61.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th were issued a dividend of $0.34 per share. The ex-dividend date was Tuesday, March 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.04%. Nielsen’s payout ratio is currently 64.45%.
In other Nielsen news, CFO Jamere Jackson sold 19,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $32.97, for a total transaction of $626,430.00. Following the completion of the transaction, the chief financial officer now owns 81,848 shares of the company’s stock, valued at $2,698,528.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the business. Tesuji Partners LLC boosted its holdings in Nielsen by 177.7% in the fourth quarter. Tesuji Partners LLC now owns 12,244,401 shares of the business services provider’s stock valued at $445,696,000 after purchasing an additional 7,835,401 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Nielsen by 72.9% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,221,478 shares of the business services provider’s stock valued at $372,062,000 after buying an additional 4,310,880 shares in the last quarter. Vontobel Asset Management Inc. raised its stake in Nielsen by 51.2% in the fourth quarter. Vontobel Asset Management Inc. now owns 6,898,520 shares of the business services provider’s stock valued at $257,335,000 after buying an additional 2,334,866 shares in the last quarter. Mackenzie Financial Corp raised its stake in Nielsen by 244.3% in the fourth quarter. Mackenzie Financial Corp now owns 6,116,264 shares of the business services provider’s stock valued at $222,632,000 after buying an additional 4,339,943 shares in the last quarter. Finally, Parnassus Investments CA raised its stake in Nielsen by 107.5% in the fourth quarter. Parnassus Investments CA now owns 5,187,500 shares of the business services provider’s stock valued at $188,825,000 after buying an additional 2,687,500 shares in the last quarter. 98.20% of the stock is owned by institutional investors and hedge funds.
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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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