TreeHouse Foods (NYSE:THS) had its price objective boosted by stock analysts at Susquehanna Bancshares from $45.00 to $46.00 in a research report issued on Thursday, September 20th. The brokerage presently has a “neutral” rating on the stock. Susquehanna Bancshares’ target price would indicate a potential downside of 0.99% from the stock’s current price.
Several other equities analysts have also recently commented on THS. ValuEngine cut shares of TreeHouse Foods from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. Stifel Nicolaus boosted their price target on shares of TreeHouse Foods from $48.00 to $50.00 and gave the company a “hold” rating in a report on Friday, August 3rd. Zacks Investment Research cut shares of TreeHouse Foods from a “buy” rating to a “hold” rating in a report on Monday, August 13th. JPMorgan Chase & Co. raised shares of TreeHouse Foods from an “underweight” rating to a “neutral” rating and set a $39.00 target price for the company in a research report on Friday, August 3rd. Finally, Barclays reissued a “hold” rating and set a $53.00 target price on shares of TreeHouse Foods in a research report on Sunday, August 5th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $48.92.
Shares of NYSE THS opened at $46.46 on Thursday. TreeHouse Foods has a 12-month low of $36.35 and a 12-month high of $68.90. The company has a market cap of $2.69 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 4.53 and a beta of 0.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.02 and a quick ratio of 0.69.
TreeHouse Foods (NYSE:THS) last announced its earnings results on Thursday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.12. TreeHouse Foods had a negative net margin of 5.41% and a positive return on equity of 5.54%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the business earned $0.51 EPS. The company’s revenue was down 4.4% on a year-over-year basis. On average, analysts predict that TreeHouse Foods will post 2.14 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of the business. Contravisory Investment Management Inc. bought a new stake in TreeHouse Foods during the third quarter worth about $123,000. State of Alaska Department of Revenue grew its stake in TreeHouse Foods by 34.4% during the third quarter. State of Alaska Department of Revenue now owns 5,670 shares of the company’s stock worth $271,000 after buying an additional 1,450 shares during the last quarter. Bank of New York Mellon Corp grew its stake in TreeHouse Foods by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 713,020 shares of the company’s stock worth $37,441,000 after buying an additional 13,408 shares during the last quarter. WINTON GROUP Ltd bought a new stake in TreeHouse Foods during the second quarter worth about $13,362,000. Finally, Nomura Holdings Inc. bought a new stake in TreeHouse Foods during the second quarter worth about $418,000.
TreeHouse Foods Company Profile
TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.
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