ValuEngine upgraded shares of TreeHouse Foods (NYSE:THS) from a sell rating to a hold rating in a research report sent to investors on Friday.
A number of other equities research analysts also recently weighed in on THS. Citigroup dropped their target price on TreeHouse Foods from $58.00 to $55.00 and set a buy rating for the company in a research report on Friday. UBS Group set a $47.00 price objective on TreeHouse Foods and gave the stock a hold rating in a research note on Friday. Barclays reaffirmed a hold rating and set a $53.00 price objective on shares of TreeHouse Foods in a research note on Sunday, August 5th. JPMorgan Chase & Co. raised TreeHouse Foods from an underweight rating to a neutral rating and set a $39.00 price objective for the company in a research note on Friday, August 3rd. Finally, Susquehanna Bancshares lifted their price objective on TreeHouse Foods from $45.00 to $46.00 and gave the stock a neutral rating in a research note on Thursday, September 20th. Twelve equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $48.46.
THS stock opened at $44.68 on Friday. The firm has a market cap of $2.51 billion, a PE ratio of 15.90, a PEG ratio of 3.79 and a beta of 0.41. TreeHouse Foods has a twelve month low of $36.35 and a twelve month high of $55.60. The company has a quick ratio of 0.69, a current ratio of 1.90 and a debt-to-equity ratio of 1.07.
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 analysts’ consensus estimates of $0.55 by $0.07. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. TreeHouse Foods had a positive return on equity of 5.61% and a negative net margin of 5.93%. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 earnings per share. On average, equities research analysts predict that TreeHouse Foods will post 2.13 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the stock. Huntington National Bank grew its stake in 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 acquiring an additional 1,000 shares during the period. State of Alaska Department of Revenue grew its stake in TreeHouse Foods by 34.4% in the third quarter. State of Alaska Department of Revenue now owns 5,670 shares of the company’s stock valued at $271,000 after acquiring an additional 1,450 shares during the period. PNC Financial Services Group Inc. grew its stake in 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 acquiring an additional 1,506 shares during the period. Mutual of America Capital Management LLC grew its stake in TreeHouse Foods by 3.7% in the second quarter. Mutual of America Capital Management LLC now owns 48,227 shares of the company’s stock valued at $2,532,000 after acquiring an additional 1,743 shares during the period. Finally, Great West Life Assurance Co. Can grew its stake in TreeHouse Foods by 1.2% in the second quarter. Great West Life Assurance Co. Can now owns 195,990 shares of the company’s stock valued at $10,307,000 after acquiring an additional 2,263 shares during the period.
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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