Dean Foods Price Target Increased to $16.00 by Analysts at Bernstein (DF)
Bernstein upped their target price on shares of Dean Foods (NYSE:DF) from $15.00 to $16.00 in a research note issued on Tuesday. Bernstein’s target price points to a potential upside of 5.26% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at BB&T Corp. reiterated a “buy” rating on shares of Dean Foods in a research note on Tuesday. They now have a $18.00 price target on the stock, down previously from $21.00. Separately, analysts at Credit Suisse upgraded shares of Dean Foods from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $18.00 price target on the stock, up previously from $15.00. They noted that the move was a valuation call. Finally, analysts at BMO Capital Markets raised their price target on shares of Dean Foods from $18.00 to $21.00 in a research note on Thursday, June 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $18.08.
Shares of Dean Foods (NYSE:DF) traded up 1.02% during mid-day trading on Tuesday, hitting $15.355. 1,526,917 shares of the company’s stock traded hands. Dean Foods has a 52-week low of $13.59 and a 52-week high of $21.46. The stock’s 50-day moving average is $16.74 and its 200-day moving average is $15.95. The company has a market cap of $1.435 billion and a price-to-earnings ratio of 4.64. Dean Foods also was the target of unusually large options trading on Monday. Traders acquired 5,942 put options on the company. This is an increase of 976% compared to the average volume of 552 put options.
Dean Foods (NYSE:DF) last released its earnings data on Monday, August 11th. The company reported ($0.14) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.06) by $0.08. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the company posted $0.13 earnings per share. Dean Foods’s revenue was up 7.4% compared to the same quarter last year. Analysts expect that Dean Foods will post $0.39 EPS for the current fiscal year.
Dean Foods Company is a food and beverage company. The Company is a processor and direct-to-store distributor of fluid milk and other fluid dairy products in the United States.
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