WhiteWave Foods Receives “Outperform” Rating from Credit Suisse (WWAV)
WhiteWave Foods (NYSE:WWAV)‘s stock had its “outperform” rating reiterated by equities researchers at Credit Suisse in a research report issued on Friday. They currently have a $36.00 target price on the stock, up from their previous target price of $35.00. Credit Suisse’s target price points to a potential upside of 9.62% from the company’s current price.
WWAV has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of WhiteWave Foods in a research note on Friday. They now have a $35.00 price target on the stock, up previously from $34.00. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of WhiteWave Foods in a research note on Monday, June 9th. They now have a $35.00 price target on the stock, up previously from $33.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of WhiteWave Foods in a research note on Monday, June 2nd. They now have a $34.00 price target on the stock, up previously from $33.00. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $32.57.
WhiteWave Foods (NYSE:WWAV) traded down 2.44% on Friday, hitting $32.04. 3,613,748 shares of the company’s stock traded hands. WhiteWave Foods has a 52 week low of $18.28 and a 52 week high of $33.44. The stock’s 50-day moving average is $31.29 and its 200-day moving average is $29.08. The company has a market cap of $5.571 billion and a price-to-earnings ratio of 53.84.
WhiteWave Foods (NYSE:WWAV) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $838.00 million for the quarter, compared to the consensus estimate of $815.44 million. During the same quarter last year, the company posted $0.16 earnings per share. WhiteWave Foods’s revenue was up 39.5% compared to the same quarter last year. On average, analysts predict that WhiteWave Foods will post $0.98 earnings per share for the current fiscal year.
The WhiteWave Foods Company, formerly WWF Operating Company, is a consumer packaged food and beverage company.
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