WhiteWave Foods Given Average Rating of “Buy” by Analysts (NYSE:WWAV)
Shares of WhiteWave Foods (NYSE:WWAV) have received an average rating of “Buy” from the eleven ratings firms that are presently covering the company, Analyst Ratings Network reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $26.93.
WWAV has been the subject of a number of recent research reports. Analysts at Morgan Stanley upgraded shares of WhiteWave Foods to an “overweight” rating in a research note on Friday, February 14th. They now have a $29.00 price target on the stock, up previously from $28.00. Separately, analysts at BMO Capital Markets upgraded shares of WhiteWave Foods from an “underperform” rating to a “market perform” rating in a research note on Friday, February 14th. They now have a $24.00 price target on the stock, up previously from $19.00. Finally, analysts at Barclays initiated coverage on shares of WhiteWave Foods in a research note on Friday, January 31st. They set an “equal weight” rating on the stock.
In other WhiteWave Foods news, EVP Edward Fugger sold 6,697 shares of WhiteWave Foods stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $29.22, for a total transaction of $195,686.34. Following the transaction, the executive vice president now directly owns 35,949 shares in the company, valued at approximately $1,050,430. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
WhiteWave Foods (NYSE:WWAV) traded down 0.18% during mid-day trading on Thursday, hitting $28.15. 875,905 shares of the company’s stock traded hands. WhiteWave Foods has a 52 week low of $15.32 and a 52 week high of $29.56. The stock’s 50-day moving average is $25.04 and its 200-day moving average is $21.60. The company has a market cap of $4.880 billion and a P/E ratio of 50.36.
WhiteWave Foods (NYSE:WWAV) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.02. The company had revenue of $679.00 million for the quarter, compared to the consensus estimate of $663.84 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 11.5% on a year-over-year basis. On average, analysts predict that WhiteWave Foods will post $0.91 earnings per share for the current fiscal year.
The WhiteWave Foods Company, formerly WWF Operating Company, is a consumer packaged food and beverage company.
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