Deutsche Bank Reiterates “Buy” Rating for Flowers Foods (FLO)
Flowers Foods (NYSE:FLO)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Tuesday. They currently have a $24.00 target price on the stock, down from their previous target price of $26.00. Deutsche Bank’s target price would indicate a potential upside of 23.58% from the stock’s previous close.
Shares of Flowers Foods (NYSE:FLO) traded down 1.24% during mid-day trading on Tuesday, hitting $19.18. The stock had a trading volume of 638,765 shares. Flowers Foods has a 52-week low of $18.70 and a 52-week high of $25.67. The stock has a 50-day moving average of $20.44 and a 200-day moving average of $20.58. The company has a market cap of $4.013 billion and a P/E ratio of 22.79.
Flowers Foods (NYSE:FLO) last announced its earnings results on Thursday, May 15th. The company reported $0.29 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.29. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.22 billion. On average, analysts predict that Flowers Foods will post $1.02 earnings per share for the current fiscal year.
Flowers Foods, Inc (NYSE:FLO) is a producer and marketer of bakery products in the United States.
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