Kraft Foods Group Given Average Rating of “Hold” by Analysts (NASDAQ:KRFT)
Shares of Kraft Foods Group (NASDAQ:KRFT) have earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, Stock Ratings News reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $59.38.
Kraft Foods Group (NASDAQ:KRFT) opened at 54.65 on Friday. Kraft Foods Group has a 1-year low of $50.54 and a 1-year high of $61.10. The stock has a 50-day moving average of $59.06 and a 200-day moving average of $56.7. The company has a market cap of $32.461 billion and a P/E ratio of 13.61.
Kraft Foods Group (NASDAQ:KRFT) last announced its earnings results on Wednesday, July 30th. The company reported $0.80 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.85 earnings per share. Kraft Foods Group’s revenue was up .6% compared to the same quarter last year. Analysts expect that Kraft Foods Group will post $3.16 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Kraft Foods Group in a research note on Friday. They now have a $56.00 price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Kraft Foods Group in a research note on Thursday, July 31st. They now have a $63.00 price target on the stock, down previously from $65.00. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Kraft Foods Group in a research note on Thursday, July 31st. They now have a $57.00 price target on the stock, down previously from $58.00.
Kraft Foods Group, Inc (NASDAQ:KRFT) operates food and beverage businesses in North America.
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