General Mills Coverage Initiated by Analysts at Socgen (GIS)
Equities research analysts at Socgen initiated coverage on shares of General Mills (NYSE:GIS) in a research note issued to investors on Friday, Stock Ratings News reports. The firm set a “hold” rating on the stock.
A number of other firms have also recently commented on GIS. Analysts at Societe Generale initiated coverage on shares of General Mills in a research note to investors on Thursday. They set a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of General Mills in a research note to investors on Thursday. They now have a $50.00 price target on the stock. Finally, analysts at Morgan Stanley downgraded shares of General Mills from an “equal weight” rating to an “underweight” rating in a research note to investors on Tuesday, January 14th. They now have a $48.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. General Mills has an average rating of “Hold” and an average price target of $51.00.
General Mills (NYSE:GIS) traded down 1.13% during mid-day trading on Friday, hitting $48.02. 3,734,150 shares of the company’s stock traded hands. General Mills has a one year low of $41.72 and a one year high of $53.07. The stock’s 50-day moving average is $49.11 and its 200-day moving average is $49.84. The company has a market cap of $29.990 billion and a P/E ratio of 18.08.
General Mills (NYSE:GIS) last released its earnings data on Wednesday, December 18th. The company reported $0.83 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.88 by $0.05. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.95 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. Analysts expect that General Mills will post $2.88 EPS for the current fiscal year.
General Mills, Inc (NYSE:GIS) is a manufacturer and marketer of branded consumer foods sold through retail stores.
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