TreeHouse Foods (NYSE:THS) had its target price upped by Credit Suisse Group from $45.00 to $50.00 in a report published on Wednesday, MarketBeat Ratings reports. They currently have a neutral rating on the stock.
Several other equities research analysts have also recently issued reports on the stock. ValuEngine cut shares of TreeHouse Foods from a hold rating to a sell rating in a research report on Wednesday, September 19th. Wells Fargo & Co lowered their price objective on shares of TreeHouse Foods from $50.00 to $48.00 and set a market perform rating for the company in a research report on Monday, November 5th. Jefferies Financial Group set a $60.00 price objective on shares of TreeHouse Foods and gave the company a buy rating in a research report on Monday. Citigroup reduced their price objective on shares of TreeHouse Foods from $58.00 to $55.00 and set a buy rating for the company in a research note on Friday, November 2nd. Finally, UBS Group set a $47.00 price target on shares of TreeHouse Foods and gave the company a hold rating in a research note on Friday, November 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $50.58.
TreeHouse Foods stock opened at $53.84 on Wednesday. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 4.43 and a beta of 0.46. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.90 and a quick ratio of 0.59. TreeHouse Foods has a 1 year low of $36.35 and a 1 year high of $55.60.
TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.07. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 10.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 EPS. As a group, research analysts expect that TreeHouse Foods will post 2.12 earnings per share for the current fiscal year.
In other TreeHouse Foods news, VP Thomas Emmet Oneill III sold 3,987 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $48.00, for a total transaction of $191,376.00. Following the transaction, the vice president now owns 131,720 shares in the company, valued at approximately $6,322,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in THS. Bank of Montreal Can acquired a new stake in shares of TreeHouse Foods in the second quarter worth $615,000. BNP Paribas Arbitrage SA increased its stake in shares of TreeHouse Foods by 92.4% in the second quarter. BNP Paribas Arbitrage SA now owns 5,221 shares of the company’s stock worth $274,000 after acquiring an additional 2,507 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of TreeHouse Foods in the second quarter worth $798,000. Mackay Shields LLC increased its stake in shares of TreeHouse Foods by 23.7% in the second quarter. Mackay Shields LLC now owns 243,472 shares of the company’s stock worth $12,784,000 after acquiring an additional 46,650 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of TreeHouse Foods by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 713,020 shares of the company’s stock worth $37,441,000 after acquiring an additional 13,408 shares during the period.
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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