Hillshire Brands Rating Increased to Outperform at Zacks (HSH)
Hillshire Brands (NYSE:HSH) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, Analyst Ratings News reports. The firm currently has a $38.60 price target on the stock. Zacks‘ price objective points to a potential upside of 9.97% from the company’s current price.
Hillshire Brands (NYSE:HSH) traded down 0.17% on Tuesday, hitting $35.10. The stock had a trading volume of 1,514,654 shares. Hillshire Brands has a 52-week low of $30.35 and a 52-week high of $37.28. The stock has a 50-day moving average of $33.72 and a 200-day moving average of $32.86. The company has a market cap of $4.317 billion and a price-to-earnings ratio of 15.14.
Hillshire Brands (NYSE:HSH) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.16. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. On average, analysts predict that Hillshire Brands will post $1.71 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, April 7th. Stockholders of record on Monday, March 3rd will be paid a dividend of 0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Thursday, February 27th.
A number of other analysts have also recently weighed in on HSH. Analysts at TheStreet upgraded shares of Hillshire Brands from a “hold” rating to a “buy” rating in a research note to investors on Monday. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Hillshire Brands from $35.00 to $39.00 in a research note to investors on Friday. Finally, analysts at BMO Capital Markets raised their price target on shares of Hillshire Brands from $40.00 to $42.00 in a research note to investors on Friday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $36.72.
The Hillshire Brands Company (NYSE:HSH), formerly Sara Lee Corporation, is a meat-centric food solutions company.
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