AdvancePierre Foods Holdings (APFH) Getting Somewhat Favorable Media Coverage, Study Finds
News stories about AdvancePierre Foods Holdings (NASDAQ:APFH) have trended somewhat positive on Friday, Accern reports. Accern identifies positive and negative press coverage by reviewing 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. AdvancePierre Foods Holdings earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.8123745738167 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of AdvancePierre Foods Holdings from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Wells Fargo & Company cut shares of AdvancePierre Foods Holdings from an “outperform” rating to a “market perform” rating and set a $40.00 price objective on the stock. in a research note on Tuesday, May 9th. Finally, BMO Capital Markets cut shares of AdvancePierre Foods Holdings from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $34.00 to $40.00 in a research note on Wednesday, April 26th.
AdvancePierre Foods Holdings (NASDAQ:APFH) traded up 0.05% during midday trading on Friday, reaching $40.25. 610,381 shares of the company’s stock were exchanged. AdvancePierre Foods Holdings has a 52 week low of $22.99 and a 52 week high of $40.79. The firm’s 50 day moving average is $39.80 and its 200 day moving average is $31.64.
AdvancePierre Foods Holdings (NASDAQ:APFH) last issued its earnings results on Wednesday, May 10th. The company reported $0.31 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.31. The firm had revenue of $402.73 million during the quarter, compared to analysts’ expectations of $419.87 million. AdvancePierre Foods Holdings’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. Equities research analysts anticipate that AdvancePierre Foods Holdings will post $1.33 EPS for the current year.
About AdvancePierre Foods Holdings
AdvancePierre Foods Holdings, Inc is a producer and distributor of ready-to-eat sandwiches, sandwich components and other entrees and snacks. The Company operates through four segments. The Foodservice segment’s portfolio of products includes breakfast sandwiches, peanut butter and jelly sandwiches, Philly steaks, fully cooked hamburger-patties, country-fried steak, stuffed entrees and chicken tenders.
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