H.J. Heinz Company Given “Buy” Rating at TheStreet (HNZ)
“HJ Heinz Company (HNZ) has been reiterated by TheStreet Ratings as a buy with a ratings score of A+ . The company’s strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
,” TheStreet’s analyst wrote.
H.J. Heinz Company traded down 0.06% on Tuesday, hitting $72.50. H.J. Heinz Company has a 1-year low of $51.91 and a 1-year high of $72.70. The stock’s 50-day moving average is currently $67.07. The company has a market cap of $23.247 billion and a price-to-earnings ratio of 23.64.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 10th. Stockholders of record on Monday, March 25th will be paid a dividend of $0.52 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.84%.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup downgraded shares of H.J. Heinz Company from a buy rating to a neutral rating in a research note to investors on Monday, February 25th. They now have a $72.50 price target on the stock, up previously from $62.00. Separately, analysts at S&P Equity Research raised their price target on shares of H.J. Heinz Company from $62.00 to $72.00 in a research note to investors on Tuesday, February 19th. They now have a hold rating on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of H.J. Heinz Company in a research note to investors on Monday, February 18th. They now have a $76.00 price target on the stock.
H. J. Heinz Company together with its subsidiaries is engaged in manufacturing and marketing a range of food products throughout the world.
To view TheStreet’s full report, visit www.thestreetratings.com
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