US Foods (NASDAQ:USFD) Receives $27.45 Average Target Price from Brokerages
Shares of US Foods (NASDAQ:USFD) have earned a consensus recommendation of “Buy” from the twelve research firms that are covering the company. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $27.45.
Several brokerages have issued reports on USFD. Zacks Investment Research raised US Foods from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Tuesday, August 23rd. Guggenheim assumed coverage on US Foods in a research note on Tuesday, June 21st. They set a “buy” rating for the company. Bank of America Corp. assumed coverage on US Foods in a research note on Monday, June 20th. They issued a “buy” rating and a $29.00 target price for the company. Morgan Stanley assumed coverage on US Foods in a research note on Monday, June 20th. They issued an “equal weight” rating and a $28.00 target price for the company. Finally, Credit Suisse Group AG assumed coverage on US Foods in a research note on Monday, June 20th. They issued an “outperform” rating and a $29.00 target price for the company.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada acquired a new position in shares of US Foods during the second quarter worth about $121,000. Quantbot Technologies LP purchased a new position in US Foods during the second quarter worth $149,000. BlackRock Japan Co. Ltd purchased a new position in US Foods during the second quarter worth $201,000. Nomura Holdings Inc. purchased a new position in US Foods during the second quarter worth $229,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in US Foods during the second quarter worth $233,000.
US Foods (NASDAQ:USFD) opened at 23.61 on Thursday. The firm has a 50-day moving average price of $23.98 and a 200 day moving average price of $24.31. The company’s market cap is $5.21 billion. US Foods has a one year low of $22.51 and a one year high of $25.83.
US Foods (NASDAQ:USFD) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.42. The business earned $5.81 million during the quarter, compared to analysts’ expectations of $5.84 million. US Foods’s revenue for the quarter was down .6% on a year-over-year basis. Equities analysts expect that US Foods will post $1.29 earnings per share for the current fiscal year.
About US Foods
US Foods Holding Corp. is a holding company. The Company, through its subsidiary, US Foods, Inc (USF), is involved in marketing and distributing fresh, frozen and dry food, and non-food products to foodservice customers across the United States. The Company serves various customers, which include national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations.
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