JPMorgan Chase & Co. Increases Pinnacle Foods (PF) Price Target to $64.00

Pinnacle Foods (NYSE:PF) had its target price hoisted by research analysts at JPMorgan Chase & Co. from $63.00 to $64.00 in a note issued to investors on Tuesday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 9.70% from the stock’s current price.

A number of other analysts have also recently issued reports on PF. Zacks Investment Research cut Pinnacle Foods from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Credit Suisse Group set a $67.00 target price on Pinnacle Foods and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Buckingham Research decreased their target price on Pinnacle Foods from $68.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the stock. Pinnacle Foods presently has a consensus rating of “Buy” and a consensus target price of $64.91.

Shares of Pinnacle Foods (NYSE PF) traded up $0.78 during midday trading on Tuesday, hitting $58.34. The company had a trading volume of 449,283 shares, compared to its average volume of 1,325,912. The firm has a market cap of $6,836.29, a PE ratio of 38.74, a PEG ratio of 2.61 and a beta of 0.34. The company has a current ratio of 1.80, a quick ratio of 0.81 and a debt-to-equity ratio of 1.49. Pinnacle Foods has a 1 year low of $52.81 and a 1 year high of $66.67.

A number of institutional investors have recently bought and sold shares of the business. Stifel Financial Corp lifted its position in Pinnacle Foods by 0.7% during the 2nd quarter. Stifel Financial Corp now owns 22,881 shares of the company’s stock worth $1,360,000 after acquiring an additional 155 shares during the period. Sterling Capital Management LLC lifted its position in Pinnacle Foods by 0.8% during the 2nd quarter. Sterling Capital Management LLC now owns 43,250 shares of the company’s stock worth $2,569,000 after acquiring an additional 343 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Pinnacle Foods by 3.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 12,590 shares of the company’s stock worth $748,000 after acquiring an additional 455 shares during the period. Grassi Investment Management raised its stake in shares of Pinnacle Foods by 0.8% during the 4th quarter. Grassi Investment Management now owns 114,384 shares of the company’s stock worth $6,802,000 after buying an additional 867 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its stake in shares of Pinnacle Foods by 22.5% during the 4th quarter. Pinnacle Associates Ltd. now owns 6,800 shares of the company’s stock worth $404,000 after buying an additional 1,250 shares in the last quarter. 93.02% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “JPMorgan Chase & Co. Increases Pinnacle Foods (PF) Price Target to $64.00” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/13/jpmorgan-chase-co-increases-pinnacle-foods-pf-price-target-to-64-00.html.

Pinnacle Foods Company Profile

Pinnacle Foods Inc is a manufacturer, marketer and distributor of branded food products in North America. The Company operates through four segments: Frozen segment, the Grocery segment, the Boulder segment and the Specialty segment. Its products are sold through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, drug stores and warehouse clubs in the United States and Canada, as well as in military channels and foodservice locations.

Analyst Recommendations for Pinnacle Foods (NYSE:PF)

Receive News & Ratings for Pinnacle Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinnacle Foods and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply