Kraft Foods Group Price Target Increased to $65.00 by Analysts at Credit Suisse (KRFT)
Equities researchers at Credit Suisse boosted their target price on shares of Kraft Foods Group (NASDAQ:KRFT) from $61.00 to $65.00 in a research report issued on Friday. Credit Suisse’s target price would suggest a potential upside of 10.24% from the stock’s previous close.
A number of other firms have also recently commented on KRFT. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Kraft Foods Group in a research note on Monday. They now have a $62.00 price target on the stock, up previously from $60.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Kraft Foods Group in a research note on Monday, May 5th. They now have a $59.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Kraft Foods Group in a research note on Thursday, March 20th. They now have a $59.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Kraft Foods Group presently has an average rating of “Buy” and a consensus price target of $60.88.
Shares of Kraft Foods Group (NASDAQ:KRFT) opened at 58.96 on Friday. Kraft Foods Group has a 52-week low of $50.54 and a 52-week high of $59.56. The stock has a 50-day moving average of $57.44 and a 200-day moving average of $55.05. The company has a market cap of $35.099 billion and a price-to-earnings ratio of 12.82. Kraft Foods Group also saw unusually large options trading on Tuesday. Investors bought 4,038 put options on the stock. This represents an increase of 432% compared to the average daily volume of 759 put options.
Kraft Foods Group (NASDAQ:KRFT) last released its earnings data on Thursday, May 1st. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.09. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. Analysts expect that Kraft Foods Group will post $3.19 EPS for the current fiscal year.
Kraft Foods Group, Inc (NASDAQ:KRFT) operates food and beverage businesses in North America.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.