The Whitewave Foods Company Upgraded to Buy by Longbow Research (WWAV)
The Whitewave Foods Company (NYSE:WWAV) was upgraded by equities research analysts at Longbow Research from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $30.00 price objective on the stock. Longbow Research’s price target points to a potential upside of 23.92% from the company’s current price.
A number of other firms have also recently commented on WWAV. Analysts at JPMorgan Chase & Co. initiated coverage on shares of The Whitewave Foods Company in a research note to investors on Tuesday. They set an “overweight” rating and a $27.00 price target on the stock. Separately, analysts at Stephens upgraded shares of The Whitewave Foods Company from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday, December 13th. Finally, analysts at Stifel Nicolaus raised their price target on shares of The Whitewave Foods Company from $23.00 to $25.00 in a research note to investors on Tuesday, December 10th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $23.60.
The Whitewave Foods Company (NYSE:WWAV) traded down 1.36% during mid-day trading on Thursday, hitting $23.88. 2,543,715 shares of the company’s stock traded hands. The Whitewave Foods Company has a 52 week low of $14.67 and a 52 week high of $24.83. The stock has a 50-day moving average of $22.22 and a 200-day moving average of $19.88. The company has a market cap of $4.141 billion and a price-to-earnings ratio of 42.33.
The Whitewave Foods Company (NYSE:WWAV) last released its earnings data on Thursday, November 7th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.01. The company had revenue of $639.00 million for the quarter, compared to the consensus estimate of $632.19 million. During the same quarter last year, the company posted $0.16 earnings per share. The Whitewave Foods Company’s revenue was up 11.1% compared to the same quarter last year. Analysts expect that The Whitewave Foods Company will post $0.72 EPS for the current fiscal year.
WWF Operating Company is a consumer packaged food and beverage company. The Company manufactures, markets, distributes, and sells plant-based foods and beverages, coffee creamers and beverages, and dairy products throughout North America and Europe.
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