Treehouse Foods, Inc. (THS) Price Target Cut to $46.00 by Analysts at UBS AG
Treehouse Foods, Inc. (NYSE:THS) had its price objective reduced by UBS AG from $70.00 to $46.00 in a research note issued on Friday, www.benzinga.com reports. The brokerage presently has a “neutral” rating on the stock. UBS AG’s price objective suggests a potential upside of 9.11% from the company’s previous close.
THS has been the topic of a number of other research reports. Susquehanna Bancshares Inc restated a “hold” rating and issued a $75.00 target price on shares of Treehouse Foods in a research note on Monday, October 9th. BMO Capital Markets lowered their target price on Treehouse Foods from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday, August 4th. Vertical Group downgraded Treehouse Foods from a “buy” rating to a “hold” rating and lowered their target price for the company from $100.61 to $62.64 in a research note on Friday, August 4th. Zacks Investment Research upgraded Treehouse Foods from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Jefferies Group LLC restated a “buy” rating and issued a $100.00 target price on shares of Treehouse Foods in a research note on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $65.55.
Shares of Treehouse Foods (NYSE:THS) traded down $24.20 during midday trading on Friday, reaching $42.16. The company’s stock had a trading volume of 3,913,396 shares, compared to its average volume of 1,232,974. Treehouse Foods has a 1 year low of $62.64 and a 1 year high of $90.42. The stock has a market cap of $2,461.97, a P/E ratio of 14.69 and a beta of 0.63.
Treehouse Foods (NYSE:THS) last issued its earnings results on Thursday, November 2nd. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.11). Treehouse Foods had a negative net margin of 4.06% and a positive return on equity of 6.65%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter last year, the firm earned $0.70 EPS. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. sell-side analysts anticipate that Treehouse Foods will post 3.15 earnings per share for the current year.
Treehouse Foods announced that its board has initiated a stock repurchase program on Thursday, November 2nd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.
In related news, CEO Sam K. Reed sold 11,480 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $67.58, for a total transaction of $775,818.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.50% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Treehouse Foods by 14.3% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 6,375,643 shares of the company’s stock worth $555,892,000 after purchasing an additional 799,933 shares during the last quarter. BlackRock Inc. lifted its position in shares of Treehouse Foods by 0.4% during the 2nd quarter. BlackRock Inc. now owns 4,668,862 shares of the company’s stock worth $381,400,000 after purchasing an additional 16,592 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Treehouse Foods by 13.5% during the 2nd quarter. Wells Fargo & Company MN now owns 4,576,600 shares of the company’s stock worth $373,861,000 after purchasing an additional 543,475 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Treehouse Foods by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 4,574,766 shares of the company’s stock worth $373,713,000 after purchasing an additional 56,356 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Treehouse Foods by 2.3% during the 2nd quarter. FMR LLC now owns 3,866,371 shares of the company’s stock worth $315,843,000 after purchasing an additional 87,098 shares during the last quarter.
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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