Dean Foods Price Target Lowered to $20.00 at Sanford C. Bernstein (DF)
Research analysts at Sanford C. Bernstein reduced their price target on shares of Dean Foods (NYSE:DF) from $24.00 to $20.00 in a report released on Wednesday, Stock Ratings Network.com reports. Sanford C. Bernstein’s price objective points to a potential upside of 11.48% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Dean Foods in a research note to investors on Wednesday, October 2nd. They now have a $25.00 price target on the stock, down previously from $26.00. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Dean Foods from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, September 3rd. They now have a $21.00 price target on the stock. Finally, analysts at TheStreet downgraded shares of Dean Foods from a “hold” rating to a “sell” rating in a research note to investors on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $17.36.
Dean Foods (NYSE:DF) traded up 0.28% on Wednesday, hitting $17.94. The stock had a trading volume of 903,629 shares. Dean Foods has a 52 week low of $13.5179 and a 52 week high of $22.96. The stock’s 50-day moving average is $18.81 and its 200-day moving average is $19.15. The company has a market cap of $1.685 billion and a P/E ratio of 3.32.
Dean Foods (NYSE:DF) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.01. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. On average, analysts predict that Dean Foods will post $1.00 earnings per share for the current fiscal year.
Dean Foods Company is a food and beverage company. The Company operates through two segments: Fresh Dairy Direct and The WhiteWave Foods Company (NYSE:DF).
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