TreeHouse Foods (NYSE:THS) received a $47.00 price objective from research analysts at UBS Group in a report released on Friday, www.tipranks.com reports. The brokerage currently has a “hold” rating on the stock. UBS Group’s price objective would indicate a potential upside of 5.22% from the company’s previous close.
Several other research firms also recently weighed in on THS. ValuEngine upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Thursday, September 13th. Susquehanna Bancshares increased their target price on TreeHouse Foods from $45.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, September 20th. Barclays restated a “hold” rating and issued a $53.00 price objective on shares of TreeHouse Foods in a report on Sunday, August 5th. JPMorgan Chase & Co. upgraded TreeHouse Foods from an “underweight” rating to a “neutral” rating and set a $39.00 price objective on the stock in a report on Friday, August 3rd. Finally, Stifel Nicolaus raised their price objective on TreeHouse Foods from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. TreeHouse Foods has an average rating of “Hold” and a consensus price target of $49.00.
NYSE THS traded up $0.67 during trading hours on Friday, hitting $44.67. 126,316 shares of the company’s stock were exchanged, compared to its average volume of 611,231. TreeHouse Foods has a 12-month low of $36.35 and a 12-month high of $55.60. The company has a market capitalization of $2.64 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 3.99 and a beta of 0.45. The company has a current ratio of 2.02, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09.
TreeHouse Foods (NYSE:THS) last released its earnings results on Thursday, November 1st. The company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.07. TreeHouse Foods had a positive return on equity of 5.54% and a negative net margin of 5.41%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the business posted $0.67 earnings per share. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. Equities analysts predict that TreeHouse Foods will post 2.14 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new stake in shares of TreeHouse Foods in the third quarter valued at about $123,000. Point72 Hong Kong Ltd grew its stake in shares of TreeHouse Foods by 2,073.5% in the second quarter. Point72 Hong Kong Ltd now owns 2,869 shares of the company’s stock valued at $151,000 after buying an additional 2,737 shares in the last quarter. Huntington National Bank grew its stake in shares of TreeHouse Foods by 50.0% in the second quarter. Huntington National Bank now owns 3,000 shares of the company’s stock valued at $158,000 after buying an additional 1,000 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of TreeHouse Foods by 62.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the company’s stock valued at $204,000 after buying an additional 1,506 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new stake in shares of TreeHouse Foods in the second quarter valued at about $216,000.
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.
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