Dean Foods (DF) Price Target Cut to $9.00 by Analysts at BMO Capital Markets
Dean Foods (NYSE:DF) had its price objective reduced by research analysts at BMO Capital Markets from $10.00 to $9.00 in a research note issued on Wednesday. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 7.27% from the company’s current price.
Other research analysts also recently issued reports about the company. Deutsche Bank upgraded Dean Foods from a “sell” rating to a “hold” rating and set a $8.00 price target for the company in a research note on Wednesday. Vertical Group downgraded Dean Foods from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research upgraded Dean Foods from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Tuesday, July 31st. ValuEngine downgraded Dean Foods from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Finally, Goldman Sachs Group downgraded Dean Foods from a “neutral” rating to a “sell” rating and decreased their price target for the company from $10.00 to $8.00 in a research note on Monday, April 16th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $11.05.
Dean Foods traded up $0.35, reaching $8.39, during midday trading on Wednesday, Marketbeat.com reports. The stock had a trading volume of 61,413 shares, compared to its average volume of 963,955. Dean Foods has a 1-year low of $8.03 and a 1-year high of $12.85. The firm has a market cap of $886.05 million, a PE ratio of 10.45, a P/E/G ratio of 1.13 and a beta of 0.46. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.14 and a current ratio of 1.60.
In other Dean Foods news, major shareholder Value Vals Ag Vv bought 15,287 shares of Dean Foods stock in a transaction dated Thursday, May 17th. The stock was bought at an average cost of $10.25 per share, for a total transaction of $156,691.75. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.20% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of DF. US Bancorp DE boosted its stake in Dean Foods by 333.5% in the 1st quarter. US Bancorp DE now owns 11,912 shares of the company’s stock valued at $103,000 after purchasing an additional 9,164 shares during the period. Raymond James & Associates bought a new stake in Dean Foods in the 4th quarter valued at $122,000. Campbell & CO Investment Adviser LLC bought a new stake in Dean Foods in the 2nd quarter valued at $162,000. Mackay Shields LLC bought a new stake in Dean Foods in the 1st quarter valued at $197,000. Finally, Trexquant Investment LP bought a new stake in Dean Foods in the 1st quarter valued at $197,000. Institutional investors own 82.10% of the company’s stock.
Dean Foods Company Profile
Dean Foods Company, a food and beverage company, processes and distributes milk, and other dairy and dairy case products in the United States. The company manufactures, markets, and distributes various branded and private label dairy, and diary case products, such as fluid milk, ice creams, cultured dairy products, creamers, ice cream mixes, and other dairy products; and juices, teas, bottled water, and other products.
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