Analysts at Cantor Fitzgerald initiated coverage on Nielsen NV (NYSE: NLSN) stock, rating the company at Hold. As a means of comparison, a number of other analysts have commented on the stock recently, and the company has secured a consensus one-year price target of $58.67, $51.68. Nielsen NVstock has a 52-week high of $55.94.After beginning or initiating coverage, analysts and brokerage firms will subsequently issue periodic updates. Changes in price targets are not unusual.
U.S. stocks finished higher Thursday, near their intra-day highs.
The Dow Jones Industrial Average DJIA, +0.99% closed up 177.71 points, or 1%, at 18,212.48, led by a 3.4% surge in shares of Apple Inc. AAPL, +3.40%
All 30 of the Dow components finished in the green.
The S&P 500 index SPX, +1.01% wrapped up 21.49 points, or 1%, to 2,147.26, and all the large-cap gauge’s sectors ended higher, topped by a 1.7% rise in the tech sector and a 1.1% gain in health-care shares
The Nasdaq Composite Index COMP, +0.36% advanced 18.52 points, or 0.4%, to close at 5,173.77.
Share prices sometimes get a bounce to the upside when analysts inititate coverage.
Shares of Nielsen NV (NYSE: NLSN) opened at $51.68 today and traded in a range between, $51.38 and $52.71, and last traded at $52.52, which represents a change of $ 0.65 over the previous closing price.
Nielsen NV (NYSE: NLSN) now has a market cap of 18.77B
The stocks average daily volume is 1,979,840 shares out of a total float 350,717,000 of and some 2,365,966 shares traded hands yesterday, 29 percent higher than normal. Significant increases in trading volume and price appreciation together could signal heavy volume accumulation by institutional investors.
While increased trading for short periods will not mean much will not mean much, conversely, a trend of heavy trading volume on the buy side over a period of days or weeks sends a positive signal to market traders that institutions may be moving in, so institutional sponsorship is very important.
Institutional sponsorship simply refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Professional investors such as these retain substantial teams of analysts that research thousands of stocks. Thus, watching their interests is a good way to ensure you are buying the right stocks.
By tracking the activity of these professional investors—and the moving averages they affect—it allows for traders to make more effective decisions on trades.
With that in mind Nielsen NV (NYSE: NLSN) now has a 50-day MA is $52.89 and 200-day MA is $52.71, and it has traded in a 52-week range between $42.90 – 55.94 and today’s last price is -6.11 percent off the 52 week high.
Earnings growth is an important factor to look at when investing in stocks and investors look for companies that have grown their earnings at least 25% or more for the past 3 years.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of The Ledger Gazette. Readers should not consider statements made by the author as formal recommendations and should consult their financial adviser before making any investment decisions. To read our full disclosure, please see our terms and conditions page.