TreeHouse Foods Given Consensus Recommendation of “Buy” by Analysts (NYSE:THS)
Shares of TreeHouse Foods (NYSE:THS) have received a consensus rating of “Buy” from the nine analysts that are covering the stock, American Banking News reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $77.00.
In other TreeHouse Foods news, CEO Sam K. Reed unloaded 30,000 shares of TreeHouse Foods stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $72.02, for a total value of $2,160,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on THS shares. Analysts at BMO Capital Markets raised their price target on shares of TreeHouse Foods from $71.00 to $80.00 in a research note on Friday, August 8th. Separately, analysts at Bank of America reiterated a “buy” rating on shares of TreeHouse Foods in a research note on Friday, July 18th. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of TreeHouse Foods in a research note on Tuesday, July 1st. They now have a $93.00 price target on the stock, up previously from $86.00.
Shares of TreeHouse Foods (NYSE:THS) opened at 78.89 on Wednesday. TreeHouse Foods has a 52 week low of $62.76 and a 52 week high of $83.19. The stock’s 50-day moving average is $77.52 and its 200-day moving average is $73.46. The company has a market cap of $3.319 billion and a P/E ratio of 36.39.
TreeHouse Foods (NYSE:THS) last announced its earnings results on Thursday, August 7th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.01. The company had revenue of $628.00 million for the quarter, compared to the consensus estimate of $615.64 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, analysts predict that TreeHouse Foods will post $3.71 earnings per share for the current fiscal year.
TreeHouse Foods, Inc (NYSE:THS) is a food manufacturer servicing the retail grocery and foodservice distribution channels.
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