Snyder's-Lance (LNCE) Given a $50.00 Price Target at Deutsche Bank
Snyder's-Lance (NASDAQ:LNCE) has been given a $50.00 price objective by Deutsche Bank in a report released on Friday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank’s price target points to a potential upside of 12.56% from the stock’s current price.
Several other equities analysts also recently issued reports on the company. UBS cut their price objective on Snyder's-Lance from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, November 8th. TheStreet downgraded Snyder's-Lance from a “b” rating to a “c+” rating in a research report on Tuesday, November 7th. Zacks Investment Research upgraded Snyder's-Lance from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Wednesday, October 18th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $35.00 price objective on shares of Snyder's-Lance in a research report on Friday, November 10th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.33.
Snyder's-Lance (NASDAQ:LNCE) opened at $44.42 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $3,840.71, a P/E ratio of 35.51 and a beta of 0.71. Snyder's-Lance has a 52-week low of $31.03 and a 52-week high of $45.50.
Institutional investors have recently made changes to their positions in the stock. AHL Partners LLP acquired a new stake in shares of Snyder's-Lance during the second quarter worth $3,881,000. Olstein Capital Management L.P. acquired a new stake in shares of Snyder's-Lance during the third quarter worth $1,367,000. Fisher Asset Management LLC grew its stake in Snyder's-Lance by 8.1% in the third quarter. Fisher Asset Management LLC now owns 848,285 shares of the company’s stock valued at $32,354,000 after acquiring an additional 63,839 shares during the period. Bank of Montreal Can acquired a new position in Snyder's-Lance in the second quarter valued at about $380,000. Finally, Capital Fund Management S.A. acquired a new position in Snyder's-Lance in the second quarter valued at about $897,000. 64.51% of the stock is owned by institutional investors and hedge funds.
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Snyder's-Lance Company Profile
Snyder’s-Lance, Inc is a snack food company. The Company is engaged in the manufacturing, distribution, marketing and sale of snack food products. Its products include pretzels, sandwich crackers, kettle cooked chips, pretzel crackers, cookies, potato chips, tortilla chips, restaurant style crackers, popcorn, nuts and other salty snacks.
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