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Danone S.A. (OTCMKTS:DANOY – Get Rating) – Stock analysts at Jefferies Financial Group decreased their FY2022 earnings estimates for shares of Danone in a research report issued to clients and investors on Wednesday, August 3rd. Jefferies Financial Group analyst M. Deboo now expects that the company will post earnings per share of $0.67 for the year, down from their prior estimate of $0.68. The consensus estimate for Danone’s current full-year earnings is $0.67 per share. Jefferies Financial Group also issued estimates for Danone’s FY2024 earnings at $0.80 EPS, FY2025 earnings at $0.85 EPS and FY2026 earnings at $0.91 EPS.
DANOY has been the topic of a number of other research reports. Royal Bank of Canada raised their target price on shares of Danone from €51.00 ($52.58) to €55.00 ($56.70) in a report on Thursday, July 28th. Deutsche Bank Aktiengesellschaft increased their price objective on Danone from €58.00 ($59.79) to €60.00 ($61.86) and gave the stock a “hold” rating in a research note on Thursday, April 21st. Berenberg Bank raised Danone from a “sell” rating to a “hold” rating in a research note on Tuesday, July 19th. Morgan Stanley cut their price target on Danone from €56.00 ($57.73) to €55.00 ($56.70) and set an “equal weight” rating for the company in a research note on Tuesday, June 28th. Finally, DZ Bank raised Danone from a “hold” rating to a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $57.00.
Danone Stock Down 0.8 %
Shares of Danone stock opened at $11.00 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.91 and a current ratio of 1.09. Danone has a 1-year low of $10.21 and a 1-year high of $15.38. The business has a 50-day moving average of $11.10 and a 200-day moving average of $11.60.
Danone Company Profile
Danone SA operates in the food and beverage industry in Europe, Noram, Latin America, the Asia Pacific, Africa, and the Middle East. The company operates through three segments: Essential Dairy & Plant-Based, Specialized Nutrition, and Waters. It produces and distributes yogurts; milk products; coffee creamers, drinks, and beverages; plant-based products; and ice creams, desserts, and nutritional powdered protein products under the Actimel, Activia, Alpro, Aptamil, Danette, Danio, Danonino, evian, Nutricia, Nutrilon, Volvic, as well as under the licensed brands, including International Delight, Dunkin’ Donuts, and Bailey’s.
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