WhiteWave Foods Stock Rating Reaffirmed by Morgan Stanley (WWAV)
WhiteWave Foods (NYSE:WWAV)‘s stock had its “overweight” rating reiterated by stock analysts at Morgan Stanley in a report issued on Monday. They currently have a $35.00 price target on the stock, up from their previous price target of $33.00. Morgan Stanley’s target price suggests a potential upside of 8.02% from the company’s current price.
The analysts wrote, “Our meetings highlighted strong overall momentum and potential upside from above-expectation growth from both Europe and Earthbound Farm. We raise our outlook for both businesses, increasing our 2014/15e EPS from $0.98/1.14 to $0.99/1.17, and our PT from $33 to $35. Remain OW.”
WhiteWave Foods (NYSE:WWAV) traded up 0.35% during mid-day trading on Monday, hitting $32.515. 307,825 shares of the company’s stock traded hands. WhiteWave Foods has a one year low of $15.61 and a one year high of $32.75. The stock’s 50-day moving average is $29.63 and its 200-day moving average is $26.37. The company has a market cap of $5.654 billion and a P/E ratio of 53.11.
WhiteWave Foods (NYSE:WWAV) last released its earnings data on Thursday, May 8th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $830.00 million for the quarter, compared to the consensus estimate of $789.30 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 36.5% on a year-over-year basis. Analysts expect that WhiteWave Foods will post $0.98 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of WhiteWave Foods from a “neutral” rating to an “outperform” rating in a research note on Monday, June 2nd. They now have a $34.50 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of WhiteWave Foods in a research note on Monday, June 2nd. They now have a $34.00 price target on the stock, up previously from $33.00. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of WhiteWave Foods from $33.00 to $34.00 in a research note on Friday, May 9th. They now have an “overweight” rating on the stock. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $32.31.
The WhiteWave Foods Company, formerly WWF Operating Company, is a consumer packaged food and beverage company.
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