Kraft Foods Group Given Average Rating of “Hold” by Brokerages (NASDAQ:KRFT)
Shares of Kraft Foods Group (NASDAQ:KRFT) have earned a consensus recommendation of “Hold” from the ten ratings firms that are covering the stock, Analyst RN reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $60.22.
KRFT has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Kraft Foods Group in a research note on Thursday. They now have a $63.00 price target on the stock, down previously from $65.00. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Kraft Foods Group in a research note on Thursday. They now have a $57.00 price target on the stock, down previously from $58.00. Finally, analysts at Credit Agricole downgraded shares of Kraft Foods Group from an “outperform” rating to an “underperform” rating in a research note on Thursday.
Shares of Kraft Foods Group (NASDAQ:KRFT) traded up 1.46% on Friday, hitting $54.37. 1,983,348 shares of the company’s stock traded hands. Kraft Foods Group has a 52 week low of $50.54 and a 52 week high of $61.10. The stock’s 50-day moving average is $59.3 and its 200-day moving average is $56.73. The company has a market cap of $32.620 billion and a P/E ratio of 13.33.
Kraft Foods Group (NASDAQ:KRFT) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.83 by $0.03. The company had revenue of $4.75 million for the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts predict that Kraft Foods Group will post $3.17 earnings per share for the current fiscal year.
Kraft Foods Group, Inc (NASDAQ:KRFT) operates food and beverage businesses in North America.
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