TreeHouse Foods (THS) Given a $38.00 Price Target at Credit Suisse Group

TreeHouse Foods (NYSE:THS) has been given a $38.00 target price by research analysts at Credit Suisse Group in a research note issued on Saturday. The firm currently has a “hold” rating on the stock. Credit Suisse Group’s target price indicates a potential downside of 0.73% from the company’s previous close.

Several other analysts also recently issued reports on the stock. SunTrust Banks reissued a “hold” rating and set a $35.00 target price on shares of TreeHouse Foods in a research note on Friday. Stifel Nicolaus cut their target price on shares of TreeHouse Foods from $44.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday. Jefferies Group reissued a “buy” rating and set a $68.00 target price on shares of TreeHouse Foods in a research note on Thursday. Susquehanna Bancshares set a $44.00 target price on shares of TreeHouse Foods and gave the company a “hold” rating in a research note on Monday, February 12th. Finally, Zacks Investment Research downgraded shares of TreeHouse Foods from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $53.51.

Shares of TreeHouse Foods (THS) traded up $0.80 during trading hours on Friday, reaching $38.28. 3,722,448 shares of the company’s stock traded hands, compared to its average volume of 1,144,042. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.81 and a current ratio of 2.48. TreeHouse Foods has a 52 week low of $36.35 and a 52 week high of $90.42. The firm has a market cap of $2,190.19, a P/E ratio of -7.64, a P/E/G ratio of 2.63 and a beta of 0.42.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Thursday, February 15th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.09. TreeHouse Foods had a negative net margin of 4.54% and a positive return on equity of 6.49%. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the business earned $1.14 EPS. The company’s revenue was down 4.3% on a year-over-year basis. analysts expect that TreeHouse Foods will post 2.11 EPS for the current year.

TreeHouse Foods declared that its board has authorized a share buyback program on Thursday, November 2nd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

In other news, VP Thomas Emmet Oneill III sold 2,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $45.32, for a total value of $90,640.00. Following the transaction, the vice president now directly owns 135,019 shares of the company’s stock, valued at $6,119,061.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sam K. Reed sold 11,480 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $42.44, for a total transaction of $487,211.20. Following the completion of the transaction, the chief executive officer now directly owns 81,147 shares in the company, valued at $3,443,878.68. The disclosure for this sale can be found here. Insiders sold 36,440 shares of company stock worth $1,680,850 over the last ninety days. 3.50% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Citigroup Inc. increased its position in TreeHouse Foods by 120.6% during the second quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock worth $105,000 after buying an additional 703 shares during the last quarter. Balter Liquid Alternatives LLC acquired a new position in TreeHouse Foods during the fourth quarter worth $174,000. State of Alaska Department of Revenue acquired a new position in TreeHouse Foods during the fourth quarter worth $197,000. ZWJ Investment Counsel Inc. acquired a new position in TreeHouse Foods during the third quarter worth $212,000. Finally, Zions Bancorporation acquired a new position in TreeHouse Foods during the third quarter worth $212,000.

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TreeHouse Foods Company Profile

TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturer. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Company manufactures a range of shelf stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad dressings, snack nuts, beverage enhancers, pickles, sauces, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.

Analyst Recommendations for TreeHouse Foods (NYSE:THS)

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TreeHouse Foods (THS) Given a $38.00 Price Target at Credit Suisse Group

TreeHouse Foods (NYSE:THS) received a $38.00 price objective from stock analysts at Credit Suisse Group in a research report issued to clients and investors on Saturday. The firm presently has a “hold” rating on the stock. Credit Suisse Group’s target price indicates a potential downside of 0.73% from the company’s previous close.

THS has been the subject of several other reports. Susquehanna Bancshares set a $74.00 price objective on TreeHouse Foods and gave the stock a “hold” rating in a research report on Monday, October 30th. Wells Fargo & Co reduced their price objective on TreeHouse Foods from $43.00 to $41.00 and set a “market perform” rating for the company in a research report on Tuesday, November 14th. Bank of America reduced their price objective on TreeHouse Foods from $55.00 to $47.00 and set a “neutral” rating for the company in a research report on Tuesday, November 14th. BMO Capital Markets reiterated a “buy” rating and set a $85.00 price objective on shares of TreeHouse Foods in a research report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $53.51.

Shares of TreeHouse Foods (NYSE:THS) traded up $0.80 during midday trading on Friday, hitting $38.28. The stock had a trading volume of 3,722,448 shares, compared to its average volume of 1,144,042. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.81 and a current ratio of 2.48. The firm has a market capitalization of $2,190.19, a P/E ratio of -7.64, a PEG ratio of 2.63 and a beta of 0.42. TreeHouse Foods has a fifty-two week low of $36.35 and a fifty-two week high of $90.42.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, February 15th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.09. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.70 billion. TreeHouse Foods had a positive return on equity of 6.49% and a negative net margin of 4.54%. The business’s revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 earnings per share. equities research analysts forecast that TreeHouse Foods will post 2.11 earnings per share for the current year.

TreeHouse Foods announced that its board has authorized a share repurchase program on Thursday, November 2nd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

In other TreeHouse Foods news, CEO Sam K. Reed sold 11,480 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $42.44, for a total value of $487,211.20. Following the completion of the sale, the chief executive officer now directly owns 81,147 shares in the company, valued at $3,443,878.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas Emmet Oneill III sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $45.32, for a total value of $90,640.00. Following the completion of the sale, the vice president now owns 135,019 shares of the company’s stock, valued at $6,119,061.08. The disclosure for this sale can be found here. Insiders sold 36,440 shares of company stock valued at $1,680,850 over the last 90 days. 3.50% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the company. Citigroup Inc. lifted its position in shares of TreeHouse Foods by 120.6% during the 2nd quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock valued at $105,000 after acquiring an additional 703 shares during the last quarter. Amica Mutual Insurance Co. acquired a new stake in shares of TreeHouse Foods during the 3rd quarter valued at $868,000. NWQ Investment Management Company LLC lifted its position in shares of TreeHouse Foods by 9.5% during the 3rd quarter. NWQ Investment Management Company LLC now owns 1,271,494 shares of the company’s stock valued at $86,118,000 after acquiring an additional 110,175 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of TreeHouse Foods by 14.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 870,756 shares of the company’s stock valued at $58,977,000 after acquiring an additional 106,632 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of TreeHouse Foods by 21.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 304,706 shares of the company’s stock valued at $20,638,000 after acquiring an additional 53,830 shares during the last quarter.

WARNING: “TreeHouse Foods (THS) Given a $38.00 Price Target at Credit Suisse Group” was originally published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://www.thelincolnianonline.com/2018/02/18/treehouse-foods-ths-given-a-38-00-price-target-at-credit-suisse-group.html.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturer. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Company manufactures a range of shelf stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad dressings, snack nuts, beverage enhancers, pickles, sauces, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.

Analyst Recommendations for TreeHouse Foods (NYSE:THS)

Receive News & Ratings for TreeHouse Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TreeHouse Foods and related companies with MarketBeat.com's FREE daily email newsletter.

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