Nielsen Holdings plc (NLSN) Forms Wedge Down Pattern; Strong Momentum for Sellers

July 13, 2018 - By Sonya McDaniel

Nielsen Holdings plc (NYSE:NLSN) Logo

The stock of Nielsen Holdings plc (NLSN) formed a down wedge with $30.17 target or 3.00 % below today’s $31.10 share price. The 5 months wedge indicates high risk for the $11.08 billion company. If the $30.17 price target is reached, the company will be worth $332.37M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 0.13% or $0.04 during the last trading session, reaching $31.1. About 863,821 shares traded. Nielsen Holdings plc (NYSE:NLSN) has declined 21.88% since July 13, 2017 and is downtrending. It has underperformed by 34.45% the S&P500.

Analysts await Nielsen Holdings plc (NYSE:NLSN) to report earnings on July, 26. They expect $0.59 earnings per share, up 20.41 % or $0.10 from last year’s $0.49 per share. NLSN’s profit will be $210.18M for 13.18 P/E if the $0.59 EPS becomes a reality. After $0.25 actual earnings per share reported by Nielsen Holdings plc for the previous quarter, Wall Street now forecasts 136.00 % EPS growth.

Nielsen Holdings plc (NYSE:NLSN) Ratings Coverage

Among 9 analysts covering Nielsen Holdings (NYSE:NLSN), 7 have Buy rating, 1 Sell and 1 Hold. Therefore 78% are positive. Nielsen Holdings had 13 analyst reports since January 23, 2018 according to SRatingsIntel. BMO Capital Markets upgraded Nielsen Holdings plc (NYSE:NLSN) on Monday, April 16 to “Outperform” rating. The rating was maintained by Jefferies on Tuesday, January 23 with “Buy”. The stock has “Hold” rating by BMO Capital Markets on Friday, February 9. Robert W. Baird maintained the stock with “Buy” rating in Thursday, February 1 report. The firm has “Hold” rating given on Friday, February 9 by Deutsche Bank. The firm has “Buy” rating by Pivotal Research given on Monday, June 4. The firm has “Sell” rating by Goldman Sachs given on Monday, July 2. As per Friday, February 9, the company rating was maintained by Credit Suisse. As per Wednesday, February 14, the company rating was maintained by SunTrust. The stock of Nielsen Holdings plc (NYSE:NLSN) has “Market Perform” rating given on Monday, February 12 by BMO Capital Markets.

Nielsen Holdings plc operates as an information and measurement company. The company has market cap of $11.08 billion. It operates through two divisions, Buy and Watch. It has a 25.92 P/E ratio. The firm provides media and marketing information, analytics, and maker and retailer expertise about what and where clients buy, read, watch, and listen.

Nielsen Holdings plc (NYSE:NLSN) Ratings Chart

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