TreeHouse Foods Hits New 12-Month High at $83.42 (THS)
TreeHouse Foods (NYSE:THS) shares hit a new 52-week high during mid-day trading on Tuesday , AmericanBankingNews.com reports. The stock traded as high as $83.42 and last traded at $82.10, with a volume of 98,405 shares traded. The stock had previously closed at $82.52.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of TreeHouse Foods from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $85.00 price target on the stock. Separately, 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. Finally, analysts at Bank of America reiterated a “buy” rating on shares of TreeHouse Foods in a research note on Friday, July 18th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $78.00.
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 $3.472 billion and a P/E ratio of 38.06.
TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 19.3% on a year-over-year basis. On average, analysts predict that TreeHouse Foods will post $3.72 earnings per share 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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