WhiteWave Foods Receives Average Rating of “Buy” from Analysts (NYSE:WWAV)
WhiteWave Foods (NYSE:WWAV) has received a consensus recommendation of “Buy” from the ten analysts that are covering the company, American Banking & Market News reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $33.86.
WhiteWave Foods (NYSE:WWAV) traded up 2.03% during mid-day trading on Monday, hitting $32.69. 468,480 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 $31.28 and its 200-day moving average is $29.10. The company has a market cap of $5.693 billion and a price-to-earnings ratio of 50.78.
WhiteWave Foods (NYSE:WWAV) last issued its quarterly earnings data 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.
Several analysts have recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of WhiteWave Foods from $29.00 to $32.00 in a research note on Friday. They now have a “market perform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of WhiteWave Foods from $34.00 to $35.00 in a research note on Friday. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of WhiteWave Foods in a research note on Friday. They now have a $36.00 price target on the stock, up previously from $35.00.
The WhiteWave Foods Company, formerly WWF Operating Company, is a consumer packaged food and beverage company.
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