Susquehanna Reiterates $88.00 Price Target for TreeHouse Foods Inc. (THS)
TreeHouse Foods Inc. (NYSE:THS) has been assigned a $88.00 price objective by Susquehanna in a research note issued to investors on Sunday. The firm presently has a a “buy” rating on the stock. Susquehanna’s price objective points to a potential upside of 38.93% from the company’s current price.
A number of other equities analysts also recently commented on THS. Zacks Investment Research upgraded TreeHouse Foods from a “hold” rating to a “strong-buy” rating and set a $119.00 target price for the company in a research note on Monday, July 25th. Jefferies Group restated a “buy” rating on shares of TreeHouse Foods in a research note on Monday, August 1st. JPMorgan Chase & Co. set a $119.00 target price on TreeHouse Foods and gave the company a “buy” rating in a research note on Friday, August 5th. BMO Capital Markets restated a “market perform” rating and issued a $98.00 target price on shares of TreeHouse Foods in a research note on Friday, August 5th. Finally, SunTrust Banks Inc. downgraded TreeHouse Foods from a “buy” rating to a “hold” rating in a research note on Thursday, November 3rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $104.71.
TreeHouse Foods (NYSE:THS) traded down 3.22% during midday trading on Friday, hitting $63.34. The company had a trading volume of 1,994,264 shares. TreeHouse Foods has a 12-month low of $63.26 and a 12-month high of $104.53. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 38.79 and a beta of 0.50. The company’s 50 day moving average is $83.47 and its 200 day moving average is $92.53.
TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by $0.08. The firm earned $1.59 billion during the quarter, compared to analyst estimates of $1.64 billion. TreeHouse Foods had a return on equity of 5.70% and a net margin of 1.65%. The firm’s revenue for the quarter was up 98.7% on a year-over-year basis. During the same quarter last year, the business posted $0.86 earnings per share. On average, equities analysts anticipate that TreeHouse Foods will post $2.82 EPS for the current fiscal year.
In related news, VP Thomas Emmet Oneill III sold 6,000 shares of the business’s stock in a transaction that occurred 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 sale, 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 SEC, which is available through the SEC website. Corporate insiders own 3.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its position in TreeHouse Foods by 6.4% in the third quarter. State of Alaska Department of Revenue now owns 1,888 shares of the company’s stock valued at $164,000 after buying an additional 113 shares in the last quarter. Advisors Asset Management Inc. boosted its position in TreeHouse Foods by 37.5% in the third quarter. Advisors Asset Management Inc. now owns 2,063 shares of the company’s stock valued at $180,000 after buying an additional 563 shares in the last quarter. Advisor Group Inc. bought a new position in TreeHouse Foods during the second quarter valued at about $187,000. DIAM Co. Ltd. bought a new position in TreeHouse Foods during the second quarter valued at about $195,000. Finally, Chevy Chase Trust Holdings Inc. bought a new position in TreeHouse Foods during the third quarter valued at about $200,000.
TreeHouse Foods Company Profile
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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