TreeHouse Foods Inc. (THS) Price Target Cut to $85.00 by Analysts at Jefferies Group
TreeHouse Foods Inc. (NYSE:THS) had its price objective reduced by Jefferies Group from $100.00 to $85.00 in a research report report published on Wednesday. Jefferies Group currently has a buy rating on the stock.
A number of other equities analysts also recently commented on THS. BMO Capital Markets restated a market perform rating and set a $98.00 price objective on shares of TreeHouse Foods in a research note on Friday, August 5th. JPMorgan Chase & Co. set a $119.00 price objective on shares of TreeHouse Foods and gave the stock a buy rating in a research note on Friday, August 5th. Bank of America Corp. downgraded shares of TreeHouse Foods from a buy rating to an underperform rating in a research note on Friday, November 4th. Zacks Investment Research downgraded shares of TreeHouse Foods from a buy rating to a hold rating in a research note on Thursday, September 15th. Finally, Stephens downgraded shares of TreeHouse Foods from an overweight rating to an equal weight rating in a research note on Thursday, November 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. TreeHouse Foods presently has an average rating of Hold and a consensus target price of $100.43.
Shares of TreeHouse Foods (NYSE:THS) opened at 69.32 on Wednesday. The firm has a market capitalization of $3.93 billion, a P/E ratio of 42.45 and a beta of 0.50. The company’s 50-day moving average price is $77.97 and its 200-day moving average price is $91.02. TreeHouse Foods has a 52-week low of $62.64 and a 52-week high of $104.53.
TreeHouse Foods (NYSE:THS) last announced its earnings results on Thursday, November 3rd. The company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by $0.08. The company earned $1.59 billion during the quarter, compared to analyst estimates of $1.64 billion. TreeHouse Foods had a return on equity of 5.70% and a net margin of 1.65%. During the same period in the previous year, the company posted $0.86 earnings per share. TreeHouse Foods’s revenue for the quarter was up 98.7% on a year-over-year basis. On average, equities research analysts expect that TreeHouse Foods will post $2.82 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. bought a new position in TreeHouse Foods during the second quarter valued at $187,000. State of Alaska Department of Revenue boosted its position in TreeHouse Foods by 6.4% in the third quarter. State of Alaska Department of Revenue now owns 1,888 shares of the company’s stock valued at $164,000 after buying an additional 113 shares in the last quarter. DIAM Co. Ltd. bought a new position in TreeHouse Foods during the second quarter valued at $195,000. Independence Advisors LLC bought a new position in TreeHouse Foods during the second quarter valued at $205,000. Finally, Advisors Asset Management Inc. boosted its position in TreeHouse Foods by 37.5% in the third quarter. Advisors Asset Management Inc. now owns 2,063 shares of the company’s stock valued at $180,000 after buying an additional 563 shares in the last quarter.
TreeHouse Foods Company Profile
TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturing company. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. It manufactures a range of shelf stable, refrigerated and fresh products. Its product categories include beverages, salad dressings, snacks, beverage enhancers, pickles, Mexican and other sauces, soup and infant feeding, cereals, dry dinners, aseptic products, jams and other products.
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