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.
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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.
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