Treehouse Foods, Inc. (THS) PT Set at $68.00 by Credit Suisse Group
Treehouse Foods, Inc. (NYSE:THS) has been given a $68.00 target price by analysts at Credit Suisse Group in a report released on Tuesday. The brokerage currently has a “neutral” rating on the stock. Credit Suisse Group’s target price suggests a potential upside of 2.73% from the company’s previous close.
A number of other brokerages have also issued reports on THS. Zacks Investment Research lowered shares of Treehouse Foods from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. BMO Capital Markets reaffirmed a “buy” rating on shares of Treehouse Foods in a research note on Tuesday, July 18th. Barclays PLC cut their price target on shares of Treehouse Foods from $90.00 to $84.00 and set an “overweight” rating on the stock in a research note on Friday, August 4th. Vertical Group downgraded shares of Treehouse Foods from a “buy” rating to a “hold” rating and cut their price target for the stock from $100.61 to $62.64 in a research note on Friday, August 4th. Finally, Vertical Research downgraded shares of Treehouse Foods from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $79.15.
Treehouse Foods (NYSE THS) traded up 1.04% during trading on Tuesday, hitting $66.88. The company’s stock had a trading volume of 701,525 shares. The company has a 50-day moving average of $67.39 and a 200 day moving average of $75.60. The firm’s market cap is $3.82 billion. Treehouse Foods has a one year low of $62.64 and a one year high of $90.42.
Treehouse Foods (NYSE:THS) last issued its earnings results on Thursday, August 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.54%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities analysts forecast that Treehouse Foods will post $3.18 earnings per share for the current year.
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In other news, CEO Sam K. Reed sold 11,480 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $66.32, for a total value of $761,353.60. Following the transaction, the chief executive officer now owns 70,647 shares of the company’s stock, valued at approximately $4,685,309.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.50% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. increased its stake in Treehouse Foods by 120.6% during the 2nd quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock worth $105,000 after buying an additional 703 shares during the period. Creative Planning increased its stake in Treehouse Foods by 28.8% during the 2nd quarter. Creative Planning now owns 1,379 shares of the company’s stock worth $113,000 after buying an additional 308 shares during the period. Parallax Volatility Advisers L.P. increased its stake in Treehouse Foods by 30.9% during the 2nd quarter. Parallax Volatility Advisers L.P. now owns 1,874 shares of the company’s stock worth $153,000 after buying an additional 442 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Treehouse Foods by 11.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,982 shares of the company’s stock worth $162,000 after buying an additional 199 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in Treehouse Foods by 6.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,259 shares of the company’s stock worth $184,000 after buying an additional 141 shares during the period.
About Treehouse Foods
TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturer. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Company manufactures a range of shelf stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad dressings, snack nuts, beverage enhancers, pickles, sauces, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.
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