Hillshire Brands Lowered to “Neutral” at Credit Suisse (HSH)
Hillshire Brands (NYSE:HSH) was downgraded by research analysts at Credit Suisse from an “outperform” rating to a “neutral” rating in a report released on Tuesday, TheFlyOnTheWall.com reports.
Hillshire Brands (NYSE:HSH) traded down 0.02% on Tuesday, hitting $62.045. 7,024,449 shares of the company’s stock traded hands. Hillshire Brands has a 52 week low of $30.35 and a 52 week high of $62.16. The stock has a 50-day moving average of $41.43 and a 200-day moving average of $36.75. The company has a market cap of $7.610 billion and a P/E ratio of 33.95. Hillshire Brands also was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 4,589,684 shares, a growth of 209.1% from the April 30th total of 1,485,067 shares. Based on an average trading volume of 4,622,052 shares, the days-to-cover ratio is currently 1.0 days. Approximately 3.8% of the shares of the stock are short sold.
Hillshire Brands (NYSE:HSH) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.10. The company had revenue of $955.00 million for the quarter, compared to the consensus estimate of $939.03 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts expect that Hillshire Brands will post $1.73 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on HSH. Analysts at Wells Fargo & Co. downgraded shares of Hillshire Brands from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Separately, analysts at Sanford C. Bernstein downgraded shares of Hillshire Brands from an “outperform” rating to a “market perform” rating in a research note on Friday, May 30th. They now have a $6.10 price target on the stock. Finally, analysts at Bernstein downgraded shares of Hillshire Brands from an “outperform” rating to a “market perform” rating in a research note on Friday, May 30th. They now have a $55.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price of $35.93.
The Hillshire Brands Company is a manufacturer and marketer of food products. The Company’s portfolio includes brands, such as Jimmy Dean, Ball Park, Hillshire Farm, State Fair, Sara Lee frozen bakery and Chef Pierre pies, as well as artisanal brands Aidells and Gallo Salame.
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.