United Natural Foods Given Consensus Recommendation of “Hold” by Brokerages (NASDAQ:UNFI)
United Natural Foods (NASDAQ:UNFI) has received an average rating of “Hold” from the ten brokerages that are presently covering the company, AnalystRatings.Net reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $74.33.
Shares of United Natural Foods (NASDAQ:UNFI) traded up 2.53% during mid-day trading on Thursday, hitting $64.91. The stock had a trading volume of 414,461 shares. United Natural Foods has a one year low of $51.50 and a one year high of $79.64. The stock’s 50-day moving average is $67.2 and its 200-day moving average is $69.92. The company has a market cap of $3.221 billion and a price-to-earnings ratio of 26.28.
United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings data on Tuesday, June 10th. The company reported $0.73 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.73. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis. Analysts expect that United Natural Foods will post $2.50 EPS for the current fiscal year.
Separately, analysts at Jefferies Group upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, April 16th. They now have a $78.00 price target on the stock, up previously from $77.00.
United Natural Foods, Inc is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada.