TreeHouse Foods Inc. (THS) Earns Hold Rating from Susquehanna Bancshares Inc
Susquehanna Bancshares Inc restated their hold rating on shares of TreeHouse Foods Inc. (NYSE:THS) in a research report sent to investors on Monday morning. They currently have a $75.00 price objective on the stock.
Other analysts have also recently issued reports about the stock. Bank of America Corporation began coverage on shares of TreeHouse Foods in a research note on Tuesday, September 19th. They issued a neutral rating and a $68.00 target price for the company. Zacks Investment Research cut shares of TreeHouse Foods from a hold rating to a sell rating in a research note on Thursday, July 27th. Vertical Group cut shares of TreeHouse Foods from a buy rating to a hold rating and lowered their target price for the stock from $100.61 to $62.64 in a research note on Friday, August 4th. BMO Capital Markets reiterated a buy rating and issued a $90.00 target price on shares of TreeHouse Foods in a research note on Tuesday, June 13th. Finally, Jefferies Group LLC reiterated a buy rating and issued a $100.00 target price on shares of TreeHouse Foods in a research note on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $81.52.
TreeHouse Foods (NYSE:THS) opened at 68.22 on Monday. The stock’s 50 day moving average is $67.30 and its 200 day moving average is $77.43. TreeHouse Foods has a 12-month low of $62.64 and a 12-month high of $90.42. The stock’s market capitalization is $3.90 billion.
TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.54 billion. TreeHouse Foods had a negative net margin of 2.25% and a negative return on equity of 5.39%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. Equities analysts anticipate that TreeHouse Foods will post $3.18 EPS for the current fiscal year.
In other TreeHouse Foods news, CEO Sam K. Reed sold 11,480 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $67.58, for a total transaction of $775,818.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.50% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of THS. Prudential Financial Inc. raised its position in TreeHouse Foods by 5.9% during the 1st quarter. Prudential Financial Inc. now owns 38,308 shares of the company’s stock worth $3,243,000 after buying an additional 2,134 shares during the last quarter. SG Americas Securities LLC raised its position in TreeHouse Foods by 282.7% during the 1st quarter. SG Americas Securities LLC now owns 5,913 shares of the company’s stock worth $501,000 after buying an additional 4,368 shares during the last quarter. Clinton Group Inc. purchased a new position in TreeHouse Foods during the 1st quarter worth approximately $316,000. Neuberger Berman Group LLC raised its position in TreeHouse Foods by 22.1% during the 1st quarter. Neuberger Berman Group LLC now owns 5,524 shares of the company’s stock worth $468,000 after buying an additional 1,000 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in TreeHouse Foods during the 1st quarter worth approximately $287,000.
TreeHouse Foods Company Profile
TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturer. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Company manufactures a range of shelf stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad dressings, snack nuts, beverage enhancers, pickles, sauces, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.
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