Dean Foods Company (DF) Stock Rating Upgraded by Zacks Investment Research
Dean Foods Company (NYSE:DF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday.
According to Zacks, “Dean Foods’ shares underperformed the industry in the last three months. While Dean Foods’ in-line earnings in third-quarter 2017 reflects an improvement from the negative earnings trend in preceding three quarters, sales lagged estimates for the second straight quarter. Results were hurt by soft volumes, higher raw milk costs, and loss of share in U.S. fluid milk volumes. Moreover, lost sales volumes and incremental costs related to the recent hurricanes in both Texas and Florida were hindrances. However, the company anticipates to gain from smart volume initiative through the rest of 2017, aimed at improving top line, building margins and creating operating efficiencies. Further, the company’s initiatives to strengthen brands and diversify portfolio bode well. It also remains on track with its comprehensive productivity program, including OpEx 2020, and company-wide initiatives to drive efficiencies.”
DF has been the topic of several other research reports. Credit Suisse Group cut their target price on shares of Dean Foods from $10.00 to $8.50 and set an “underperform” rating on the stock in a report on Wednesday. BMO Capital Markets restated a “market perform” rating and issued a $12.00 target price (down previously from $15.00) on shares of Dean Foods in a report on Wednesday. Jefferies Group LLC set a $16.00 target price on shares of Dean Foods and gave the stock a “buy” rating in a report on Sunday, October 29th. ValuEngine cut shares of Dean Foods from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Morgan Stanley restated an “underweight” rating and issued a $15.00 target price (down previously from $18.00) on shares of Dean Foods in a report on Tuesday, July 18th. Three investment analysts have rated the stock with a sell rating, eight have assigned 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 target price of $13.06.
Dean Foods (DF) opened at $9.53 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.28 and a debt-to-equity ratio of 1.33. Dean Foods has a fifty-two week low of $9.01 and a fifty-two week high of $22.31. The stock has a market cap of $867.92, a P/E ratio of 10.36, a PEG ratio of 1.68 and a beta of 0.53.
Dean Foods (NYSE:DF) last issued its earnings results on Tuesday, November 7th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Dean Foods had a net margin of 0.53% and a return on equity of 14.04%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter last year, the business earned $0.37 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. research analysts forecast that Dean Foods will post 0.81 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in DF. PNC Financial Services Group Inc. lifted its position in Dean Foods by 13.8% during the first quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock valued at $111,000 after buying an additional 686 shares during the period. Thrivent Financial For Lutherans lifted its position in Dean Foods by 9.8% during the first quarter. Thrivent Financial For Lutherans now owns 16,990 shares of the company’s stock valued at $334,000 after buying an additional 1,510 shares during the period. BlackRock Inc. lifted its position in Dean Foods by 12,150.7% during the first quarter. BlackRock Inc. now owns 11,254,859 shares of the company’s stock valued at $221,271,000 after buying an additional 11,162,988 shares during the period. Public Employees Retirement System of Ohio lifted its position in Dean Foods by 12.2% during the first quarter. Public Employees Retirement System of Ohio now owns 10,561 shares of the company’s stock valued at $208,000 after buying an additional 1,145 shares during the period. Finally, Capstone Asset Management Co. lifted its position in Dean Foods by 0.7% during the second quarter. Capstone Asset Management Co. now owns 14,320 shares of the company’s stock valued at $243,000 after buying an additional 100 shares during the period.
Dean Foods Company Profile
Dean Foods Company is a food and beverage company. The Company processes and distributes fluid milk, and other dairy and dairy case products in the United States. It is engaged in manufacturing, marketing, selling and distributing a range of branded and private label dairy and dairy case products. It offers branded and private label dairy case products, including fluid milk, ice cream, cultured dairy products, creamers, ice cream mix and other dairy products to retailers, distributors, foodservice outlets, educational institutions and governmental entities across the United States.
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