Fresh Market Coverage Initiated at Telsey Advisory Group (TFM)
Equities researchers at Telsey Advisory Group began coverage on shares of Fresh Market (NYSE:TFM) in a research report issued on Friday, Stock Ratings Network.com reports. The firm set a “not rated” rating and a $60.00 price target on the stock. Telsey Advisory Group’s target price would suggest a potential upside of 19.47% from the stock’s previous close.
Fresh Market (NYSE:TFM) traded down 1.81% during mid-day trading on Friday, hitting $49.31. 187,973 shares of the company’s stock traded hands. Fresh Market has a one year low of $36.51 and a one year high of $62.48. The stock has a 50-day moving average of $52.93 and a 200-day moving average of $47.60. The company has a market cap of $2.378 billion and a price-to-earnings ratio of 35.12.
Fresh Market (NYSE:TFM) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.32 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.32. The company had revenue of $354.80 million for the quarter, compared to the consensus estimate of $357.08 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Analysts expect that Fresh Market will post $1.54 EPS for the current fiscal year.
TFM has been the subject of a number of other recent research reports. Analysts at Piper Jaffray Cos. reiterated an “overweight” rating on shares of Fresh Market (NYSE:TFM) in a research note to investors on Thursday, August 29th. They now have a $59.00 price target on the stock, down previously from $67.00. Separately, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Fresh Market (NYSE:TFM) in a research note to investors on Thursday, August 29th. They now have a $65.00 price target on the stock, up previously from $60.00. Finally, analysts at UBS AG downgraded shares of Fresh Market (NYSE:TFM) from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, August 29th. They now have a $56.00 price target on the stock.
Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $57.44.
The Fresh Market, Inc, (NYSE:TFM) is a specialty retailer.
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