United Natural Foods’s “Buy” Rating Reaffirmed at Citigroup Inc. (UNFI)
United Natural Foods (NASDAQ:UNFI)‘s stock had its “buy” rating restated by investment analysts at Citigroup Inc. in a note issued to investors on Monday. They currently have a $74.00 target price on the stock, down from their previous target price of $89.00. Citigroup Inc.’s price target indicates a potential upside of 17.61% from the stock’s previous close.
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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. United Natural Foods has an average rating of “Hold” and an average price target of $73.67.
Shares of United Natural Foods (NASDAQ:UNFI) traded up 0.11% during mid-day trading on Monday, hitting $62.99. 242,047 shares of the company’s stock traded hands. United Natural Foods has a 52-week low of $51.50 and a 52-week high of $79.64. The stock’s 50-day moving average is $66.88 and its 200-day moving average is $69.83. The company has a market cap of $3.128 billion and a price-to-earnings ratio of 25.17.
United Natural Foods (NASDAQ:UNFI) last announced its earnings results 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.
United Natural Foods, Inc is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada.
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.