WhiteWave Foods Earns Outperform Rating from Analysts at Oppenheimer (WWAV)
Analysts at Oppenheimer started coverage on shares of WhiteWave Foods (NYSE:WWAV) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
WhiteWave Foods (NYSE:WWAV) traded down 1.67% during mid-day trading on Wednesday, hitting $34.73. The stock had a trading volume of 932,763 shares. WhiteWave Foods has a 1-year low of $18.28 and a 1-year high of $35.47. The stock’s 50-day moving average is $32.30 and its 200-day moving average is $30.3. The company has a market cap of $6.048 billion and a P/E ratio of 55.97.
WhiteWave Foods (NYSE:WWAV) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $838.00 million for the quarter, compared to the consensus estimate of $815.44 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 39.5% on a year-over-year basis. Analysts expect that WhiteWave Foods will post $1.00 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Longbow Research downgraded shares of WhiteWave Foods from a “buy” rating to a “neutral” rating in a research note on Thursday, August 21st. They now have a $35.00 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of WhiteWave Foods from $29.00 to $32.00 in a research note on Friday, August 8th. They now have a “market perform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of WhiteWave Foods from $34.00 to $35.00 in a research note on Friday, August 8th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $34.57.
The WhiteWave Foods Company, formerly WWF Operating Company, is a consumer packaged food and beverage company.
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