US Foods’ (USFD) Buy Rating Reiterated at Citigroup Inc.
US Foods (NASDAQ:USFD)‘s stock had its “buy” rating reiterated by equities researchers at Citigroup Inc. in a report released on Monday. They presently have a $27.00 target price on the stock, down from their previous target price of $30.00. Citigroup Inc.’s target price suggests a potential upside of 15.78% from the company’s current price.
Other equities analysts also recently issued research reports about the stock. Deutsche Bank AG initiated coverage on shares of US Foods in a report on Monday, June 20th. They set a “buy” rating and a $28.00 price objective on the stock. Zacks Investment Research upgraded US Foods from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Tuesday, August 23rd. Guggenheim began coverage on US Foods in a research report on Tuesday, June 21st. They issued a “buy” rating on the stock. Bank of America Corp. began coverage on US Foods in a research report on Monday, June 20th. They issued a “buy” rating and a $29.00 target price on the stock. Finally, Morgan Stanley began coverage on US Foods in a research report on Monday, June 20th. They issued an “equal weight” rating and a $28.00 target price on the stock. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $27.18.
US Foods (NASDAQ:USFD) traded down 0.09% during midday trading on Monday, hitting $23.32. 321,857 shares of the stock traded hands. The firm’s market cap is $5.14 billion. US Foods has a 12 month low of $22.51 and a 12 month high of $25.83. The company’s 50 day moving average price is $23.87 and its 200 day moving average price is $24.26.
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US Foods (NASDAQ:USFD) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.42. The firm had revenue of $5.81 million for the quarter, compared to analysts’ expectations of $5.84 million. The business’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts predict that US Foods will post $1.30 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada bought a new stake in US Foods during the second quarter valued at approximately $121,000. Quantbot Technologies LP bought a new stake in US Foods during the second quarter valued at approximately $149,000. BlackRock Japan Co. Ltd bought a new stake in US Foods during the second quarter valued at approximately $201,000. Nomura Holdings Inc. bought a new stake in US Foods during the second quarter valued at approximately $229,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in US Foods during the second quarter valued at approximately $233,000.
US Foods Company Profile
US Foods Holding Corp. is a holding company. The Company, through its subsidiary, US Foods, Inc (USF), is involved in marketing and distributing fresh, frozen and dry food, and non-food products to foodservice customers across the United States. The Company serves various customers, which include national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations.
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