Diamond Foods Stock Rating Reaffirmed by Jefferies Group (DMND)
Diamond Foods (NASDAQ:DMND)‘s stock had its “hold” rating reaffirmed by research analysts at Jefferies Group in a report released on Tuesday, AnalystRatings.Net reports. They currently have a $21.00 price target on the stock. Jefferies Group’s price objective would suggest a potential downside of 1.22% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Diamond Foods (NASDAQ:DMND) from $14.00 to $18.00 in a research note to investors on Tuesday. They now have a “market perform” rating on the stock. Separately, analysts at BB&T Corp. upgraded shares of Diamond Foods (NASDAQ:DMND) from a “hold” rating to a “buy” rating in a research note to investors on Thursday, September 26th. They now have a $28.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at SunTrust reiterated a “hold” rating on shares of Diamond Foods (NASDAQ:DMND) in a research note to investors on Wednesday, August 21st. They now have a $20.00 price target on the stock. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $20.00.
Shares of Diamond Foods (NASDAQ:DMND) traded down 9.72% on Tuesday, hitting $21.26. 2,724,233 shares of the company’s stock traded hands. Diamond Foods has a one year low of $12.85 and a one year high of $25.32. The stock’s 50-day moving average is $21.80 and its 200-day moving average is $18.86. The company’s market cap is $473.1 million.
Diamond Foods (NASDAQ:DMND) last posted its quarterly earnings results on Monday, September 30th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.03) by $0.12. The company had revenue of $199.80 million for the quarter, compared to the consensus estimate of $192.53 million. During the same quarter last year, the company posted $0.05 earnings per share. Diamond Foods’s revenue was down 10.8% compared to the same quarter last year. On average, analysts predict that Diamond Foods will post $0.30 earnings per share for the current fiscal year.
Diamond Foods, Inc (NASDAQ:DMND) is a packaged food company focused on building, acquiring and energizing brands.
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