Stifel Nicolaus Increases WhiteWave Foods Price Target to $35.00 (WWAV)
Equities research analysts at Stifel Nicolaus hoisted their target price on shares of WhiteWave Foods (NYSE:WWAV) from $34.00 to $35.00 in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 9.24% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. 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 analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $33.86.
Shares of WhiteWave Foods (NYSE:WWAV) opened at 32.04 on Friday. WhiteWave Foods has a 52 week low of $18.28 and a 52 week high of $33.44. The stock has a 50-day moving average of $31.28 and a 200-day moving average of $29.10. The company has a market cap of $5.574 billion and a P/E ratio of 52.04.
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 in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 39.5% on a year-over-year basis. On average, analysts predict that WhiteWave Foods will post $0.99 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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