Brokerages Set TreeHouse Foods Inc. (NYSE:THS) PT at $102.75
Shares of TreeHouse Foods Inc. (NYSE:THS) have received an average recommendation of “Buy” from the nine analysts that are presently covering the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $102.75.
THS has been the subject of a number of research reports. Susquehanna reiterated a “buy” rating and issued a $109.00 price objective on shares of TreeHouse Foods in a research note on Monday, June 27th. Zacks Investment Research raised TreeHouse Foods from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a report on Tuesday, July 5th. Jefferies Group boosted their target price on TreeHouse Foods from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, July 15th. JPMorgan Chase & Co. set a $119.00 target price on TreeHouse Foods and gave the company a “buy” rating in a report on Friday, August 5th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $98.00 target price on shares of TreeHouse Foods in a report on Friday, August 5th.
Shares of TreeHouse Foods (NYSE:THS) opened at 87.19 on Wednesday. TreeHouse Foods has a 52 week low of $66.30 and a 52 week high of $104.53. The stock’s 50 day moving average is $91.60 and its 200-day moving average is $93.43. The firm has a market cap of $4.95 billion, a PE ratio of 55.54 and a beta of 0.20.
TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.54 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.54. TreeHouse Foods had a return on equity of 6.18% and a net margin of 1.74%. The company earned $1.50 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the business earned $0.66 earnings per share. The firm’s revenue for the quarter was up 103.0% on a year-over-year basis. On average, equities analysts predict that TreeHouse Foods will post $3.07 EPS for the current fiscal year.
In related news, VP Thomas Emmet Oneill III sold 6,000 shares of the company’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $97.00, for a total transaction of $582,000.00. Following the transaction, the vice president now owns 145,138 shares of the company’s stock, valued at $14,078,386. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.40% of the company’s stock.
A number of hedge funds have recently bought and sold shares of THS. FMR LLC raised its stake in TreeHouse Foods by 5.5% in the second quarter. FMR LLC now owns 4,451,066 shares of the company’s stock valued at $456,902,000 after buying an additional 232,226 shares during the period. Vanguard Group Inc. raised its stake in TreeHouse Foods by 2.4% in the second quarter. Vanguard Group Inc. now owns 4,088,281 shares of the company’s stock valued at $419,661,000 after buying an additional 97,713 shares during the period. Goldman Sachs Group Inc. raised its stake in TreeHouse Foods by 21.2% in the first quarter. Goldman Sachs Group Inc. now owns 3,264,403 shares of the company’s stock valued at $283,187,000 after buying an additional 571,659 shares during the period. BlackRock Fund Advisors raised its stake in TreeHouse Foods by 30.0% in the first quarter. BlackRock Fund Advisors now owns 2,723,677 shares of the company’s stock valued at $236,279,000 after buying an additional 629,326 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in TreeHouse Foods by 68.9% in the first quarter. JPMorgan Chase & Co. now owns 2,398,639 shares of the company’s stock valued at $208,082,000 after buying an additional 978,431 shares during the period. 84.69% of the stock is currently owned by institutional investors.
About TreeHouse Foods
TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturing company. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. It manufactures a range of shelf stable, refrigerated and fresh products. Its product categories include beverages, salad dressings, snacks, beverage enhancers, pickles, Mexican and other sauces, soup and infant feeding, cereals, dry dinners, aseptic products, jams and other products.
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