Hillshire Brands Stock Rating Upgraded by Zacks (HSH)
Hillshire Brands (NYSE:HSH) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Friday, Analyst Ratings Network.com reports. The firm currently has a $34.20 price target on the stock. Zacks‘ target price would indicate a potential upside of 2.46% from the company’s current price.
Shares of Hillshire Brands (NYSE:HSH) traded up 0.12% during mid-day trading on Friday, hitting $33.42. 369,145 shares of the company’s stock traded hands. Hillshire Brands has a 1-year low of $28.04 and a 1-year high of $37.28. The stock’s 50-day moving average is $32.99 and its 200-day moving average is $32.75. The company has a market cap of $4.111 billion and a price-to-earnings ratio of 18.17.
Hillshire Brands (NYSE:HSH) last released its earnings data on Thursday, October 31st. The company reported $0.35 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.51 earnings per share. Hillshire Brands’s revenue was down 2.7% compared to the same quarter last year.
HSH has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets upgraded shares of Hillshire Brands from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, November 21st. They now have a $40.00 price target on the stock, up previously from $31.00. Separately, analysts at DA Davidson cut their price target on shares of Hillshire Brands from $35.00 to $25.00 in a research note to investors on Friday, November 1st. Finally, analysts at DA Davidson downgraded shares of Hillshire Brands from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, October 31st. They now have a $35.00 price target on the stock. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $34.64.
The Hillshire Brands Company (NYSE:HSH), formerly Sara Lee Corporation, is a meat-centric food solutions company.
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