TreeHouse Foods Inc. (THS) Given Consensus Rating of “Hold” by Brokerages
TreeHouse Foods Inc. (NYSE:THS) has been assigned a consensus recommendation of “Hold” from the twenty research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $56.91.
A number of equities research analysts recently issued reports on THS shares. Jefferies Group set a $100.00 price target on TreeHouse Foods and gave the stock a “buy” rating in a research report on Sunday, October 29th. JPMorgan Chase & Co. set a $39.00 price target on TreeHouse Foods and gave the stock a “sell” rating in a research report on Wednesday, December 13th. TheStreet downgraded TreeHouse Foods from a “c-” rating to a “d+” rating in a research report on Friday, November 10th. Vertical Group raised TreeHouse Foods from a “hold” rating to a “buy” rating in a research report on Thursday, November 16th. Finally, Susquehanna Bancshares reissued a “hold” rating and set a $75.00 price target on shares of TreeHouse Foods in a research report on Monday, October 9th.
In other news, Director Gary Dale Smith acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were bought at an average price of $42.64 per share, with a total value of $85,280.00. Following the acquisition, the director now directly owns 271 shares in the company, valued at approximately $11,555.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sam K. Reed sold 11,480 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $46.36, for a total value of $532,212.80. Following the sale, the chief executive officer now directly owns 81,147 shares in the company, valued at approximately $3,761,974.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,440 shares of company stock worth $1,684,179. Company insiders own 3.50% of the company’s stock.
Shares of TreeHouse Foods (NYSE THS) opened at $49.10 on Friday. The stock has a market capitalization of $2,810.00, a P/E ratio of -10.89, a P/E/G ratio of 2.76 and a beta of 0.49. TreeHouse Foods has a 12-month low of $40.26 and a 12-month high of $90.42. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.81 and a current ratio of 2.16.
TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.11). The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. TreeHouse Foods had a positive return on equity of 6.61% and a negative net margin of 4.06%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.70 EPS. analysts forecast that TreeHouse Foods will post 2.73 EPS for the current fiscal year.
TreeHouse Foods announced that its Board of Directors has authorized a share buyback plan on Thursday, November 2nd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
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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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