The stock of Unilever PLC (NYSE:UL) increased by $0.21 on Tuesday to finish at $51.31, up 0.41 percent. The last five days have seen an average of 1,825,540 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $0.96. The average number of shares traded over the last 20 days was 1,819,360, while the average volume over the last 50 days totaled 1,884,360.
UL stock dropped -4.50% since last month. On 08/22/23, the company’s shares reached a one-month low of $50.31. The stock touched a high of $55.99 on 04/28/23, after rallying from a low of $42.44 in 52 weeks. The price of UL stock has risen by 1.91% or $0.96 this year, reaching a new high 20 times. Still, the stock price is down -8.36% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
Unilever PLC (UL) has a trailing price-to-earnings (P/E) ratio of 14.59. Beta for the stock is 0.46. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.97, the price-to-book (PB) ratio of 6.22.
Company paid $0.4702 per share in dividends, an increase of 2.91% from $0.4569 last year. A $0.0133 dividend increase was reported on Tuesday July 4 2023.
Financial Health
For the recent quarter, Unilever PLC’s quick ratio was 0.60, while its current ratio was 0.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 1.25, and the total debt to equity ratio is 1.59. Based on annual data, it had gross profit of $51.96 billion and revenue of $63.29 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 18.00% return on investment (ROI) in the past year.
Technical Picture
Here’s a quick look at Unilever PLC’s (UL) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 49.93%, suggesting the stock is Neutral, with a 7.40% historical volatility rate.
The stochastic %K and %D were 32.20% and 24.34% respectively, while the average true range (ATR) was 0.45. Based on the 14-day stochastic reading of 40.36%, the RSI (14) reading is 47.01%. On the 9-day MACD Oscillator, the stock is at 0.28, and the 14-day reading is at -0.03.
Analyst Ratings
Unilever PLC (NYSE: UL) was downgraded by Bernstein to a a Mkt perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Unilever PLC (UL) an Hold rating. UL is a stock that is recommended for selling by 3 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 2 analysts. Among the analysts who rate the stock, 1 rate it overweight and 9 others recommend it as a buy.
What is UL’s price target for the next 12 months?
The current consensus forecast for the stock is between $41.18 and $68.01, with a median target price of $58.15. In analyzing these forecasts, the average price target given by analysts for Unilever PLC (UL) is $56.99.
