Heineken Nv Spon (HEINY) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Heineken Nv Spon (OTCMKTS:HEINY) from a hold rating to a buy rating in a report published on Tuesday morning. Zacks Investment Research currently has $48.00 target price on the stock.

According to Zacks, “Heineken N.V. is engaged in producing and distributing beverages. It offers beer, cider, soft drinks, and other beverages. The Company’s principal global brand is Heineken. Heineken N.V. is headquartered in Amsterdam, the Netherlands. “

Several other analysts have also recently issued reports on HEINY. BNP Paribas upgraded Heineken Nv Spon from an underperform rating to a neutral rating in a report on Thursday, February 16th. Stifel Nicolaus initiated coverage on Heineken Nv Spon in a report on Tuesday, November 22nd. They issued a buy rating for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Heineken Nv Spon currently has an average rating of Buy and a consensus target price of $48.00.

Heineken Nv Spon (OTCMKTS:HEINY) opened at 42.13 on Tuesday. Heineken Nv Spon has a 52 week low of $36.02 and a 52 week high of $47.81. The stock has a market cap of $24.00 billion, a price-to-earnings ratio of 14.53 and a beta of 1.09. The stock’s 50 day moving average price is $41.02 and its 200 day moving average price is $40.26.

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