Positive News Coverage Extremely Likely to Affect United Natural Foods (UNFI) Stock Price
Media stories about United Natural Foods (NASDAQ:UNFI) have been trending positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. United Natural Foods earned a news sentiment score of 0.42 on Accern’s scale. Accern also assigned media stories about the company an impact score of 92 out of 100, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- United Natural Foods, Inc. (UNFI) Given Hold Rating at Jefferies Group LLC (americanbankingnews.com)
- Amazon Inc enters untested waters after acquiring Whole Foods Market Inc (tribune.com.pk)
- United Natural Foods Inc (fumbleboard.com)
- Why United Natural (UNFI) is Losing Sheen Post Q3 Earnings? (finance.yahoo.com)
- United Natural Foods, Inc. (UNFI) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
A number of brokerages have issued reports on UNFI. Pivotal Research restated a “sell” rating and issued a $32.00 price objective on shares of United Natural Foods in a research note on Tuesday, June 20th. BidaskClub downgraded United Natural Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Jefferies Group LLC restated a “hold” rating and issued a $38.00 price objective (down previously from $44.00) on shares of United Natural Foods in a research note on Sunday. Royal Bank Of Canada restated a “hold” rating and issued a $34.00 price objective on shares of United Natural Foods in a research note on Wednesday, May 31st. Finally, BMO Capital Markets reduced their price objective on United Natural Foods from $45.00 to $42.00 and set a “market perform” rating for the company in a research note on Friday, June 9th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $41.92.
Shares of United Natural Foods (NASDAQ UNFI) opened at 34.60 on Monday. United Natural Foods has a one year low of $29.53 and a one year high of $52.18. The stock has a market cap of $1.75 billion, a PE ratio of 13.90 and a beta of 1.40. The company’s 50-day moving average price is $40.25 and its 200-day moving average price is $43.72.
United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Tuesday, June 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.01. United Natural Foods had a return on equity of 8.21% and a net margin of 1.38%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. United Natural Foods’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities research analysts anticipate that United Natural Foods will post $2.55 earnings per share for the current year.
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United Natural Foods Company Profile
United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.
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