TreeHouse Foods Given Average Recommendation of “Buy” by Analysts (NYSE:THS)
Shares of TreeHouse Foods (NYSE:THS) have been given a consensus rating of “Buy” by the nine brokerages that are covering the stock, ARN reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $77.00.
Several analysts have recently commented on the stock. 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 80.70 on Wednesday. TreeHouse Foods has a 1-year low of $62.76 and a 1-year high of $83.19. The stock’s 50-day moving average is $77.67 and its 200-day moving average is $73.65. The company has a market cap of $3.395 billion and a P/E ratio of 37.14.
TreeHouse Foods (NYSE:THS) last released its earnings data on Thursday, August 7th. The company reported $0.84 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.65 earnings per share. TreeHouse Foods’s revenue was up 19.3% compared to the same quarter last year. 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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