TreeHouse Foods (NYSE:THS)‘s stock had its “buy” rating restated by SunTrust Banks in a research note issued on Tuesday, Stock Target Advisor reports. They presently have a $65.00 price objective on the stock. SunTrust Banks’ price target indicates a potential upside of 38.24% from the company’s previous close.
THS has been the subject of several other reports. Zacks Investment Research downgraded shares of TreeHouse Foods from a “hold” rating to a “sell” rating and set a $48.00 price target for the company. in a report on Monday. William Blair raised shares of TreeHouse Foods from a “market perform” rating to an “outperform” rating in a report on Monday, December 2nd. Barclays reissued a “hold” rating on shares of TreeHouse Foods in a report on Sunday, November 10th. Finally, ValuEngine raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $62.07.
TreeHouse Foods stock opened at $47.02 on Tuesday. TreeHouse Foods has a 1-year low of $44.60 and a 1-year high of $67.88. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 1.76 and a beta of 0.70. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 1.29. The firm has a 50 day simple moving average of $48.57 and a 200 day simple moving average of $52.54.
TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). TreeHouse Foods had a negative net margin of 7.65% and a positive return on equity of 5.80%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business earned $0.57 earnings per share. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, equities research analysts forecast that TreeHouse Foods will post 2.38 EPS for the current year.
In other TreeHouse Foods news, CAO Thomas Emmet Oneill III sold 6,400 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $49.11, for a total value of $314,304.00. Following the completion of the transaction, the chief accounting officer now directly owns 109,076 shares of the company’s stock, valued at approximately $5,356,722.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of THS. Psagot Investment House Ltd. bought a new stake in shares of TreeHouse Foods during the 3rd quarter worth $94,000. Point72 Hong Kong Ltd bought a new stake in shares of TreeHouse Foods during the 2nd quarter worth $105,000. Tower Research Capital LLC TRC lifted its holdings in shares of TreeHouse Foods by 43.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,202 shares of the company’s stock worth $122,000 after acquiring an additional 664 shares during the last quarter. MAI Capital Management lifted its holdings in shares of TreeHouse Foods by 12.3% during the 3rd quarter. MAI Capital Management now owns 4,455 shares of the company’s stock worth $247,000 after acquiring an additional 488 shares during the last quarter. Finally, Dupont Capital Management Corp lifted its holdings in shares of TreeHouse Foods by 25.8% during the 3rd quarter. Dupont Capital Management Corp now owns 6,239 shares of the company’s stock worth $346,000 after acquiring an additional 1,279 shares during the last quarter.
TreeHouse Foods Company Profile
TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.
Further Reading: Risk Tolerance
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