The Fresh Market Rating Increased to Buy at BB&T Corp. (TFM)
The Fresh Market (NYSE:TFM) was upgraded by investment analysts at BB&T Corp. from a “hold” rating to a “buy” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $41.00 price target on the stock. BB&T Corp.’s price target indicates a potential upside of 34.74% from the company’s current price. The analysts noted that the move was a valuation call.
A number of other firms have also recently commented on TFM. Analysts at Credit Suisse initiated coverage on shares of The Fresh Market in a research note on Thursday, July 17th. They set an “underperform” rating and a $29.00 price target on the stock. Separately, analysts at Northcoast Research upgraded shares of The Fresh Market from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 15th. Finally, analysts at Goldman Sachs downgraded shares of The Fresh Market from a “neutral” rating to a “sell” rating in a research note on Tuesday, July 8th. They now have a $27.00 price target on the stock, down previously from $36.00. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $39.93.
Shares of The Fresh Market (NYSE:TFM) traded up 9.46% on Friday, hitting $33.31. The stock had a trading volume of 1,496,456 shares. The Fresh Market has a 52-week low of $28.60 and a 52-week high of $56.04. The stock’s 50-day moving average is $30.80 and its 200-day moving average is $33.09. The company has a market cap of $1.612 billion and a price-to-earnings ratio of 32.72.
The Fresh Market (NYSE:TFM) last issued its quarterly earnings data on Thursday, August 21st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.11. The company had revenue of $422.20 million for the quarter, compared to the consensus estimate of $411.85 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. Analysts expect that The Fresh Market will post $1.57 EPS for the current fiscal year.
The Fresh Market, Inc, (NYSE:TFM) is a specialty retailer.
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