Dean Foods’s “Buy” Rating Reaffirmed at BB&T Corp. (DF)
Dean Foods (NYSE:DF)‘s stock had its “buy” rating reiterated by equities research analysts at BB&T Corp. in a research note issued to investors on Tuesday. They currently have a $18.00 target price on the stock, down from their previous target price of $21.00. BB&T Corp.’s price objective would indicate a potential upside of 18.42% from the stock’s previous close.
Shares of Dean Foods (NYSE:DF) traded up 1.05% during mid-day trading on Tuesday, hitting $15.36. The stock had a trading volume of 1,527,117 shares. 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 $1.436 billion and a P/E ratio of 4.64. Dean Foods also saw unusually large options trading on Monday. Stock traders bought 5,942 put options on the stock. This represents an increase of approximately 976% compared to the average daily volume of 552 put options.
Dean Foods (NYSE:DF) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts predict that Dean Foods will post $0.39 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $18.08.
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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