Credit Suisse Reiterates Neutral Rating for Mondelez International (MDLZ)
Mondelez International (NASDAQ:MDLZ)‘s stock had its “neutral” rating reiterated by equities researchers at Credit Suisse in a research report issued on Thursday, Stock Ratings News reports. They currently have a $35.00 target price on the stock, down from their previous target price of $37.00. Credit Suisse’s price target points to a potential upside of 5.33% from the stock’s previous close.
The analysts wrote, “Following MDLZ’s rather messy 4Q results, we are lowering our target price to $35 to reflect an 18x P/E multiple against our 2015 estimate of $1.88 (down from $1.92). We are lowering our 2014 EPS estimate to $1.68 (down from $1.71), which represents the middle of management’s EPS guidance for 2014 (including 7c FX headwind).”
Shares of Mondelez International (NASDAQ:MDLZ) opened at 33.21 on Thursday. Mondelez International has a 52-week low of $26.45 and a 52-week high of $36.05. The stock has a 50-day moving average of $34.14 and a 200-day moving average of $32.81. The company has a market cap of $58.243 billion and a P/E ratio of 21.77. Mondelez International also was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 12,323,148 shares, a decrease of 15.7% from the January 15th total of 14,611,449 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 13,787,454 shares, the short-interest ratio is currently 0.9 days.
Mondelez International (NASDAQ:MDLZ) last released its earnings data on Tuesday, February 11th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.56. The company had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. Analysts expect that Mondelez International will post $1.56 EPS for the current fiscal year.
MDLZ has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of Mondelez International from $33.00 to $35.00 in a research note on Thursday. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Mondelez International in a research note on Monday. Finally, analysts at Socgen initiated coverage on shares of Mondelez International in a research note on Friday, January 31st. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $37.83.
Mondelez International, Inc (NASDAQ:MDLZ), is a snack manufacturing company.
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