Dean Foods Receives “Buy” Rating from ISI Group (DF)
Dean Foods (NYSE:DF)‘s stock had its “buy” rating restated by equities researchers at ISI Group in a research report issued on Thursday. They currently have a $22.00 price target on the stock, up from their previous price target of $18.00. ISI Group’s target price points to a potential upside of 26.73% from the company’s current price.
The analysts wrote, “We reiterate our BUY rating on DF and raise our PT from $18 to $22 as we are incrementally confident DF should benefit NT from lower raw milk prices following our KBCM hosted conference call w/ commodities expert Shawn Hackett. Add’ly, we continue to believe DF has a significant L-T opp’ty to unlock value from the Co.’s distribution network and maintain that the Co. represents an attractive takeout candidate.”
Dean Foods (NYSE:DF) traded up 2.30% on Thursday, hitting $17.76. The stock had a trading volume of 422,973 shares. Dean Foods has a 1-year low of $13.59 and a 1-year 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 $1.660 billion and a price-to-earnings ratio of 5.30.
Dean Foods (NYSE:DF) last posted its quarterly 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. On average, analysts predict that Dean Foods will post $0.57 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at KeyCorp raised their price target on shares of Dean Foods from $18.00 to $22.00 in a research note on Thursday. Separately, 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. Finally, 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 given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target 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.
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.