Dean Foods Given Average Recommendation of “Hold” by Analysts (NYSE:DF)
Shares of Dean Foods (NYSE:DF) have received a consensus rating of “Hold” from the fifteen brokerages that are covering the company, AnalystRatingsNetwork.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $16.95.
A number of analysts have recently weighed in on DF shares. Analysts at S&P Equity Research raised their price target on shares of Dean Foods from $0.26 to $3.39 in a research note on Tuesday, August 12th. They now have a “hold” rating on the stock. They noted that the move was a valuation call. Separately, analysts at Bernstein raised their price target on shares of Dean Foods from $15.00 to $16.00 in a research note on Tuesday, August 12th. Finally, analysts at BB&T Corp. reiterated a “buy” rating on shares of Dean Foods in a research note on Tuesday, August 12th. They now have a $18.00 price target on the stock, down previously from $21.00.
Dean Foods (NYSE:DF) traded down 0.80% on Tuesday, hitting $16.19. 205,454 shares of the company’s stock traded hands. Dean Foods has a 1-year low of $13.59 and a 1-year high of $19.88. The stock has a 50-day moving average of $16.50 and a 200-day moving average of $15.92. The company has a market cap of $1.518 billion and a P/E ratio of 4.22.
Dean Foods (NYSE:DF) last announced its earnings results 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 $-0.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 4th. Shareholders of record on Monday, August 25th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, August 21st.
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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