Janney Montgomery Scott Begins Coverage on United Natural Foods (UNFI)
Equities researchers at Janney Montgomery Scott initiated coverage on shares of United Natural Foods (NASDAQ:UNFI) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
A number of other firms have also recently commented on UNFI. 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $74.27.
Shares of United Natural Foods (NASDAQ:UNFI) traded down 0.82% on Thursday, hitting $64.19. The stock had a trading volume of 440,615 shares. United Natural Foods has a 52-week low of $58.04 and a 52-week high of $79.64. The stock’s 50-day moving average is $62.00 and its 200-day moving average is $66.59. The company has a market cap of $3.187 billion and a price-to-earnings ratio of 25.89.
United Natural Foods (NASDAQ:UNFI) last announced its earnings results on Tuesday, June 10th. The company reported $0.73 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis. On average, analysts predict that United Natural Foods will post $2.50 earnings per share 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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