Dean Foods Receives “Neutral” Rating from Zacks (DF)
Dean Foods (NYSE:DF)‘s stock had its “neutral” rating restated by Zacks in a note issued to investors on Tuesday, American Banking News reports. They currently have a $15.00 price objective on the stock. Zacks‘ target price points to a potential upside of 3.45% from the company’s current price.
Zacks‘ analyst wrote, “While we remain confident of Dean Foods’ fundamental strengths as well as strategic initiatives to boost profitability, we believe the inflationary commodity environment along with competitive pressures will continue to weigh on the company’s performance in 2014. We are impressed with Dean Foods’ strategies including price realization by passing input cost inflation to customers, cost cuts and boosting of volume performance. Moreover, its successful transformation into a core dairy products company with improved shareholder value reflects significant growth potential going forward. However, the disappointing fourth-quarter results along with projections for continued rise in dairy commodity prices in 2014 keep us on the sidelines. Therefore, we maintain our long-term Neutral recommendation on the stock.”
DF has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets cut their price target on shares of Dean Foods from $23.00 to $18.00 in a research note on Thursday, February 13th. Separately, analysts at Sanford C. Bernstein cut their price target on shares of Dean Foods from $18.00 to $15.00 in a research note on Thursday, February 13th. Finally, analysts at Stephens cut their price target on shares of Dean Foods from $16.00 to $12.00 in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Dean Foods currently has an average rating of “Hold” and a consensus target price of $16.73.
Dean Foods (NYSE:DF) traded up 0.48% during mid-day trading on Tuesday, hitting $14.57. 590,576 shares of the company’s stock traded hands. Dean Foods has a 52 week low of $13.5179 and a 52 week high of $22.96. The stock has a 50-day moving average of $15.97 and a 200-day moving average of $17.95. The company has a market cap of $1.377 billion and a P/E ratio of 1.69.
Dean Foods (NYSE:DF) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.19 by $0.01. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the company posted $0.20 earnings per share. Dean Foods’s revenue was down 7.0% compared to the same quarter last year. Analysts expect that Dean Foods will post $0.82 EPS for the current fiscal year.
Dean Foods Company is a food and beverage company. The Company operates through two segments: Fresh Dairy Direct and The WhiteWave Foods Company (NYSE:DF).
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