Dean Foods PT Raised to $22.00 at KeyCorp (DF)
Investment analysts at KeyCorp upped their price objective on shares of Dean Foods (NYSE:DF) from $18.00 to $22.00 in a note issued to investors on Thursday. KeyCorp’s target price would suggest a potential upside of 26.73% from the stock’s previous close.
Shares of Dean Foods (NYSE:DF) traded up 2.42% during mid-day trading on Thursday, hitting $17.78. The stock had a trading volume of 1,358,345 shares. Dean Foods has a 52 week low of $13.59 and a 52 week high of $22.96. The stock has a 50-day moving average of $16.16 and a 200-day moving average of $16.08. The company has a market cap of $1.662 billion and a price-to-earnings ratio of 5.30.
Dean Foods (NYSE:DF) last announced its earnings results on Thursday, May 8th. The company reported ($0.05) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.06. 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 $0.31 earnings per share. Dean Foods’s revenue was up 2.1% compared to the same quarter last year. Analysts expect that Dean Foods will post $0.57 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on DF. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Dean Foods in a research note on Monday, June 2nd. They now have a $15.00 price target on the stock, up previously from $14.00. Separately, analysts at Zacks downgraded shares of Dean Foods from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 27th. They now have a $15.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.77.
Dean Foods Company is a food and beverage company. The Company is a processor and direct-to-store distributor of fluid milk and other fluid dairy products in the United States.
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