Flowers Foods PT Lowered to $24.00 (FLO)
BB&T Corp. reduced their price objective on shares of Flowers Foods (NYSE:FLO) from $25.00 to $24.00 in a research note issued on Friday, American Banking News.com reports. BB&T Corp.’s price objective points to a potential upside of 26.98% from the stock’s previous close.
Separately, analysts at Ned Davis Research downgraded shares of Flowers Foods from a “buy” rating to a “neutral” rating in a research note to investors on Monday, November 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Flowers Foods has an average rating of “Hold” and a consensus target price of $26.88.
Flowers Foods (NYSE:FLO) traded down 2.48% during mid-day trading on Friday, hitting $18.90. 2,507,244 shares of the company’s stock traded hands. Flowers Foods has a 1-year low of $18.1467 and a 1-year high of $25.67. The stock has a 50-day moving average of $21.37 and a 200-day moving average of $22.21. The company has a market cap of $3.941 billion and a price-to-earnings ratio of 17.71.
Flowers Foods (NYSE:FLO) last announced its earnings results on Thursday, February 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.01. The company had revenue of $843.60 million for the quarter, compared to the consensus estimate of $883.76 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. Analysts expect that Flowers Foods will post $1.07 EPS for the current fiscal year.
Flowers Foods, Inc (NYSE:FLO) is a producer and marketer of bakery products in the United States.
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