Deutsche Bank Downgrades Dean Foods to Hold (DF)
Dean Foods (NYSE:DF) was downgraded by research analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a report released on Wednesday, TheFlyOnTheWall.com reports. They currently have a $19.00 price target on the stock, down from their previous price target of $23.00. Deutsche Bank’s target price would suggest a potential upside of 10.14% from the company’s current price.
Dean Foods (NYSE:DF) traded down 3.90% on Wednesday, hitting $17.25. The stock had a trading volume of 2,933,949 shares. Dean Foods has a one year low of $13.5179 and a one year high of $22.96. The stock’s 50-day moving average is $17.53 and its 200-day moving average is $19.17. The company has a market cap of $1.628 billion and a price-to-earnings ratio of 1.93.
Dean Foods (NYSE:DF) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.14 by $0.02. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter last year, the company posted $0.33 earnings per share. Dean Foods’s revenue was down 2.0% compared to the same quarter last year. Analysts expect that Dean Foods will post $0.88 EPS for the current fiscal year.
DF has been the subject of a number of other recent research reports. Analysts at Morgan Stanley downgraded shares of Dean Foods from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, December 9th. They now have a $20.00 price target on the stock, down previously from $22.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Dean Foods in a research note to investors on Thursday, November 21st. They now have a $19.00 price target on the stock. Finally, analysts at Stifel Nicolaus cut their price target on shares of Dean Foods from $24.00 to $22.00 in a research note to investors on Wednesday, November 13th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $19.18.
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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