Credit Suisse Upgrades Dean Foods to Outperform (DF)
Dean Foods (NYSE:DF) was upgraded by research analysts at Credit Suisse from a “neutral” rating to an “outperform” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $18.00 target price on the stock, up from their previous target price of $15.00. Credit Suisse’s price target would suggest a potential upside of 13.85% from the company’s current price. The analysts noted that the move was a valuation call.
Shares of Dean Foods (NYSE:DF) opened at 15.20 on Tuesday. Dean Foods has a 52 week low of $13.59 and a 52 week high of $21.46. The stock has a 50-day moving average of $16.74 and a 200-day moving average of $15.95. The company has a market cap of $1.421 billion and a P/E ratio of 4.83. Dean Foods also saw unusually large options trading on Monday. Stock traders acquired 5,942 put options on the stock. This represents 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 $0.54 EPS for the current fiscal year.
A number of other firms have also recently commented on DF. 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. Separately, analysts at ISI Group reiterated a “buy” rating on shares of Dean Foods in a research note on Thursday, June 12th. They now have a $22.00 price target on the stock, up previously from $18.00. Finally, analysts at KeyCorp raised their price target on shares of Dean Foods from $18.00 to $22.00 in a research note on Thursday, June 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.55.
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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