DA Davidson Downgrades Hillshire Brands to Underperform (HSH)
Hillshire Brands (NYSE:HSH) was downgraded by analysts at DA Davidson from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. They currently have a $35.00 price target on the stock. DA Davidson’s target price suggests a potential upside of 8.49% from the stock’s previous close. The analysts noted that the move was a valuation call.
Shares of Hillshire Brands (NYSE:HSH) traded down 1.74% on Thursday, hitting $32.26. 2,564,558 shares of the company’s stock traded hands. Hillshire Brands has a 52-week low of $26.01 and a 52-week high of $37.28. The stock has a 50-day moving average of $31.65 and a 200-day moving average of $33.44. The company has a market cap of $3.978 billion and a price-to-earnings ratio of 16.07.
Hillshire Brands (NYSE:HSH) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $984.00 million for the quarter, compared to the consensus estimate of $959.65 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts predict that Hillshire Brands will post $1.67 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 8th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.18 per share. This represents a $0.70 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Wednesday, November 27th.
A number of other firms have also recently commented on HSH. Analysts at Zacks downgraded shares of Hillshire Brands from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, September 30th. They now have a $29.30 price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Hillshire Brands from $37.00 to $35.00 in a research note to investors on Tuesday, September 17th. They now have an “overweight” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Hillshire Brands from $28.00 to $31.00 in a research note to investors on Friday, August 9th. They now have a “market perform” rating on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.86.
The Hillshire Brands Company (NYSE:HSH), formerly Sara Lee Corporation, is a meat-centric food solutions company.
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