Danone (DANOY) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Danone (OTCMKTS:DANOY) from a hold rating to a buy rating in a research report sent to investors on Monday morning. Zacks Investment Research currently has $17.00 price target on the stock.

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. “

A number of other research analysts have also recently issued reports on the stock. Deutsche Bank raised shares of Danone from a hold rating to a buy rating in a research note on Tuesday, July 31st. 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. Finally, Credit Suisse Group raised shares of Danone from a neutral rating to an outperform rating in a research note on Friday, September 21st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $17.00.

Shares of DANOY opened at $15.61 on Monday. Danone has a 12 month low of $14.46 and a 12 month high of $17.54. The company has a market cap of $48.02 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 2.26 and a beta of 0.76. The company has a current ratio of 1.05, a quick ratio of 0.89 and a debt-to-equity ratio of 1.00.

About Danone

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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