Dean Foods Given Consensus Rating of “Hold” by Brokerages (NYSE:DF)
Shares of Dean Foods (NYSE:DF) have earned a consensus recommendation of “Hold” from the fifteen analysts that are covering the stock, Stock Ratings Network.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $16.95.
Shares of Dean Foods (NYSE:DF) opened at 16.02 on Tuesday. 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. and a 200-day moving average of $15.94. The company has a market cap of $1.502 billion and a P/E ratio of 4.15.
Dean Foods (NYSE:DF) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.14) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.13 earnings per share. Dean Foods’s revenue was up 7.4% compared to the same quarter last year. Analysts expect that Dean Foods will post $-0.22 EPS 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 1.75%. The ex-dividend date of this dividend is Thursday, August 21st.
A number of research firms have recently commented on DF. 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.
In other Dean Foods news, SVP C Shay Braun sold 5,000 shares of Dean Foods stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $16.22, for a total transaction of $81,100.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
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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