AdvancePierre Foods Holdings Inc (APFH) Given Average Recommendation of “Buy” by Analysts
Shares of AdvancePierre Foods Holdings Inc (NASDAQ:APFH) have earned an average rating of “Buy” from the seven ratings firms that are presently covering the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $28.00.
A number of equities research analysts have recently issued reports on APFH shares. Deutsche Bank AG started coverage on shares of AdvancePierre Foods Holdings in a research note on Tuesday, August 9th. They issued a “buy” rating and a $28.00 price target on the stock. Barclays PLC started coverage on shares of AdvancePierre Foods Holdings in a research note on Tuesday, August 9th. They issued an “equal weight” rating and a $27.00 price target on the stock. Goldman Sachs Group Inc. started coverage on shares of AdvancePierre Foods Holdings in a research note on Tuesday, August 9th. They issued a “neutral” rating and a $27.00 price target on the stock. Wells Fargo & Co. started coverage on shares of AdvancePierre Foods Holdings in a research note on Monday, August 15th. They issued an “outperform” rating on the stock. Finally, Credit Suisse Group AG initiated coverage on shares of AdvancePierre Foods Holdings in a research note on Tuesday, August 9th. They issued an “outperform” rating and a $29.00 price target on the stock.
In other AdvancePierre Foods Holdings news, Director Principal Opportunities Fu Ocm sold 8,630,190 shares of the stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $21.00, for a total value of $181,233,990.00. The sale was disclosed in a filing with the SEC, which is available through this link.
AdvancePierre Foods Holdings (NASDAQ:APFH) remained flat at $27.91 during midday trading on Friday. The company’s stock had a trading volume of 183,109 shares. The company has a 50 day moving average price of $26.11 and a 200-day moving average price of $25.42. AdvancePierre Foods Holdings has a 52 week low of $22.99 and a 52 week high of $28.32. The stock has a market cap of $2.15 billion and a PE ratio of 17.58.
AdvancePierre Foods Holdings (NASDAQ:APFH) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. The company earned $370 million during the quarter, compared to analysts’ expectations of $391.90 million. AdvancePierre Foods Holdings’s revenue for the quarter was down 5.4% on a year-over-year basis. Analysts forecast that AdvancePierre Foods Holdings will post $1.67 EPS for the current year.
The firm also recently announced a special dividend, which was paid on Wednesday, September 28th. Investors of record on Monday, August 29th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, August 25th.
AdvancePierre Foods Holdings Company Profile
AdvancePierre Foods Holdings, Inc, formerly Pierre Foods Holding Corporation, is a producer and distributor of sandwiches, sandwich components, and other entrees and snacks. The Company operates through segments, including Foodservice, which sells its products to national and regional distributors; Retail, which supplies its products to national and regional grocery chains, major warehouse club stores, mass retailers and dollar stores; Convenience, which sells its products to national and regional convenience chains and vending providers, and Industrial, which includes sales to other food producers under short-term co-manufacturing agreements.
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