Canaccord Genuity Increases United Natural Foods Price Target to $71.00 (UNFI)
Equities researchers at Canaccord Genuity boosted their target price on shares of United Natural Foods (NASDAQ:UNFI) from $68.00 to $71.00 in a research report issued on Monday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price points to a potential upside of 5.56% from the stock’s previous close.
United Natural Foods (NASDAQ:UNFI) traded up 0.65% on Monday, hitting $67.262. The stock had a trading volume of 307,811 shares. United Natural Foods has a one year low of $47.20 and a one year high of $69.35. The stock’s 50-day moving average is $62.75 and its 200-day moving average is $55.58. The company has a market cap of $3.318 billion and a price-to-earnings ratio of 30.66.
United Natural Foods (NASDAQ:UNFI) last released its earnings data on Thursday, September 12th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.05. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, analysts predict that United Natural Foods will post $2.51 earnings per share for the current fiscal year.
In other United Natural Foods news, Insider David Allen Matthews sold 1,130 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $67.46, for a total value of $76,229.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank initiated coverage on shares of United Natural Foods (NASDAQ:UNFI) in a research note to investors on Wednesday, September 25th. They set a “hold” rating and a $65.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of United Natural Foods (NASDAQ:UNFI) in a research note to investors on Tuesday, September 24th. They now have a $80.00 price target on the stock. Finally, analysts at Barclays Capital raised their price target on shares of United Natural Foods (NASDAQ:UNFI) from $53.00 to $65.00 in a research note to investors on Tuesday, September 24th. They now have an “equal weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $64.64.
United Natural Foods, Inc is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada.
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