WhiteWave Foods Downgraded by Longbow Research to “Neutral” (WWAV)
WhiteWave Foods (NYSE:WWAV) was downgraded by equities researchers at Longbow Research from a “buy” rating to a “neutral” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports.
WhiteWave Foods (NYSE:WWAV) opened at 35.18 on Thursday. WhiteWave Foods has a 1-year low of $18.28 and a 1-year high of $35.28. The stock’s 50-day moving average is $31.54 and its 200-day moving average is $29.67. The company has a market cap of $6.126 billion and a P/E ratio of 54.87.
WhiteWave Foods (NYSE:WWAV) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.01. The company had revenue of $838.00 million for the quarter, compared to the consensus estimate of $815.44 million. During the same quarter last year, the company posted $0.16 earnings per share. WhiteWave Foods’s revenue was up 39.5% compared to the same quarter last year. Analysts expect that WhiteWave Foods will post $1.00 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on WWAV. Analysts at BMO Capital Markets raised their price target on shares of WhiteWave Foods from $29.00 to $32.00 in a research note on Friday, August 8th. They now have a “market perform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of WhiteWave Foods from $34.00 to $35.00 in a research note on Friday, August 8th. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of WhiteWave Foods in a research note on Friday, August 8th. They now have a $36.00 price target on the stock, up previously from $35.00. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $34.50.
The WhiteWave Foods Company, formerly WWF Operating Company, is a consumer packaged food and beverage company.
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