TreeHouse Foods (NYSE:THS) had its target price decreased by Wells Fargo & Co from $50.00 to $48.00 in a research report issued on Monday. The firm currently has a “market perform” rating on the stock. Wells Fargo & Co’s price target indicates a potential downside of 0.46% from the company’s previous close.
A number of other research firms also recently commented on THS. Zacks Investment Research downgraded shares of TreeHouse Foods from a “buy” rating to a “hold” rating in a report on Monday, August 13th. ValuEngine raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. Barclays reissued a “hold” rating and set a $53.00 price objective on shares of TreeHouse Foods in a report on Sunday, August 5th. Stifel Nicolaus boosted their price objective on shares of TreeHouse Foods from $48.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, August 3rd. Finally, UBS Group set a $47.00 price objective on shares of TreeHouse Foods and gave the stock a “hold” rating in a report on Friday, November 2nd. Twelve analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. TreeHouse Foods currently has an average rating of “Hold” and an average price target of $48.62.
THS stock opened at $48.22 on Monday. The stock has a market cap of $2.51 billion, a P/E ratio of 17.16, a P/E/G ratio of 3.81 and a beta of 0.41. TreeHouse Foods has a 52 week low of $36.35 and a 52 week high of $55.60. The company has a current ratio of 1.90, a quick ratio of 0.59 and a debt-to-equity ratio of 1.07.
TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.07. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.42 billion. TreeHouse Foods had a negative net margin of 5.93% and a positive return on equity of 5.61%. The firm’s revenue was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 earnings per share. On average, equities analysts predict that TreeHouse Foods will post 2.13 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its position in TreeHouse Foods by 0.8% during the second quarter. BlackRock Inc. now owns 4,653,218 shares of the company’s stock worth $244,340,000 after acquiring an additional 36,894 shares during the last quarter. Dimensional Fund Advisors LP raised its position in TreeHouse Foods by 16.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,284,193 shares of the company’s stock worth $119,945,000 after acquiring an additional 319,196 shares during the last quarter. Russell Investments Group Ltd. raised its position in TreeHouse Foods by 13.6% during the third quarter. Russell Investments Group Ltd. now owns 1,295,204 shares of the company’s stock worth $61,977,000 after acquiring an additional 154,974 shares during the last quarter. Channing Capital Management LLC acquired a new position in TreeHouse Foods during the second quarter worth about $54,014,000. Finally, Massachusetts Financial Services Co. MA raised its position in TreeHouse Foods by 1.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 733,524 shares of the company’s stock worth $35,099,000 after acquiring an additional 8,970 shares during the last quarter.
About TreeHouse Foods
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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