United Natural Foods (UNFI) Earning Somewhat Positive Press Coverage, Analysis Shows
Media coverage about United Natural Foods (NASDAQ:UNFI) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. United Natural Foods earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.2875659489816 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern’s scoring:
- Value Composite Update on United Natural Foods, Inc. (NasdaqGS:UNFI) and Korn/Ferry International (NYSE:KFY) – Evergreen Caller (evergreencaller.com)
- United Natural Foods, Inc. (UNFI) Cut to “Sell” at Zacks Investment Research (americanbankingnews.com)
- UNFI Opening a Shared Services Center in Rhode Island – And Now U Know (andnowuknow.com)
- UNFI to Open Shared Services Center in Lincoln, RI (finance.yahoo.com)
- United Natural Foods Inc (UNFI) Reaches Active Mover List – Sheridan Daily (sheridandaily.com)
United Natural Foods (NASDAQ UNFI) opened at 37.20 on Monday. United Natural Foods has a 12-month low of $29.53 and a 12-month high of $50.15. The company has a 50-day moving average price of $36.66 and a 200-day moving average price of $41.33. The firm has a market cap of $1.88 billion, a P/E ratio of 14.94 and a beta of 1.39.
United Natural Foods (NASDAQ:UNFI) last announced its earnings results on Tuesday, June 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the firm earned $0.76 EPS. United Natural Foods’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, analysts predict that United Natural Foods will post $2.55 earnings per share for the current year.
A number of equities analysts have recently weighed in on UNFI shares. Loop Capital started coverage on United Natural Foods in a report on Monday, May 15th. They issued a “buy” rating and a $48.00 target price on the stock. Citigroup Inc. reiterated a “buy” rating and issued a $49.00 target price (down previously from $54.00) on shares of United Natural Foods in a report on Saturday, April 22nd. Deutsche Bank AG dropped their target price on United Natural Foods from $46.00 to $43.00 and set a “hold” rating on the stock in a report on Wednesday, June 7th. ValuEngine downgraded United Natural Foods from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $34.00 target price on shares of United Natural Foods in a report on Wednesday, May 31st. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $40.86.
About United Natural Foods
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.
Receive News & Ratings for United Natural Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Natural Foods Inc. and related companies with MarketBeat.com's FREE daily email newsletter.