TreeHouse Foods Downgraded to Neutral at Zacks (THS)
TreeHouse Foods (NYSE:THS) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Tuesday. They currently have a $85.00 target price on the stock. Zacks‘s price target suggests a potential upside of 3.01% from the company’s current price.
Several other analysts have also 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. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. TreeHouse Foods has a consensus rating of “Buy” and an average target price of $78.00.
Shares of TreeHouse Foods (NYSE:THS) traded down 0.28% on Tuesday, hitting $82.285. 119,027 shares of the company’s stock traded hands. TreeHouse Foods has a 1-year low of $62.76 and a 1-year high of $83.19. The stock has a 50-day moving average of $78.11 and a 200-day moving average of $74.83. The company has a market cap of $3.462 billion and a price-to-earnings ratio of 38.06.
TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. Analysts expect that TreeHouse Foods will post $3.72 EPS 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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