United Natural Foods Receives Average Rating of “Buy” from Brokerages (NASDAQ:UNFI)
United Natural Foods (NASDAQ:UNFI) has received an average rating of “Buy” from the thirteen brokerages that are presently covering the company, American Banking News.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $74.27.
A number of analysts have recently weighed in on UNFI shares. Analysts at Stephens initiated coverage on shares of United Natural Foods in a research note on Tuesday, August 26th. They set an “overweight” rating and a $76.00 price target on the stock. Separately, analysts at Wolfe Research downgraded shares of United Natural Foods from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, July 22nd. Finally, analysts at Oppenheimer initiated coverage on shares of United Natural Foods in a research note on Tuesday, July 15th. They set an “outperform” rating and a $75.00 price target on the stock.
United Natural Foods (NASDAQ:UNFI) traded up 0.42% on Tuesday, hitting $64.56. 33,348 shares of the company’s stock traded hands. United Natural Foods has a 1-year low of $58.04 and a 1-year high of $79.64. The stock has a 50-day moving average of $62. and a 200-day moving average of $66.6. The company has a market cap of $3.205 billion and a P/E ratio of 25.72.
United Natural Foods (NASDAQ:UNFI) last announced its earnings results on Tuesday, June 10th. The company reported $0.73 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.73. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the company posted $0.64 earnings per share. United Natural Foods’s revenue was up 13.8% compared to the same quarter last year. Analysts expect that United Natural Foods will post $2.50 EPS for the current fiscal year.
United Natural Foods, Inc is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada.
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