The Kraft Heinz Company (KHC) Earns “Buy” Rating from UBS AG
The Kraft Heinz Company (NASDAQ:KHC)‘s stock had its “buy” rating reaffirmed by equities research analysts at UBS AG in a report issued on Friday, www.benzinga.com reports. They presently have a $89.00 price objective on the stock, down from their previous price objective of $97.00. UBS AG’s price target would indicate a potential upside of 13.88% from the stock’s previous close.
Several other research analysts have also recently issued reports on the company. Zacks Investment Research upgraded The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. BMO Capital Markets reiterated a “hold” rating and issued a $96.00 price objective on shares of The Kraft Heinz in a research report on Wednesday, September 6th. Credit Suisse Group set a $100.00 price objective on The Kraft Heinz and gave the stock a “buy” rating in a research report on Sunday, September 10th. Susquehanna Bancshares Inc reiterated a “hold” rating and issued a $84.00 price objective on shares of The Kraft Heinz in a research report on Thursday, September 14th. Finally, BidaskClub cut The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $95.53.
The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The firm had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.73 billion. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The Kraft Heinz’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 earnings per share.
About The Kraft Heinz
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.
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