TreeHouse Foods (THS) Given a $38.00 Price Target at Credit Suisse Group
TreeHouse Foods (NYSE:THS) has been given a $38.00 target price by research analysts at Credit Suisse Group in a research note issued on Saturday. The firm currently has a “hold” rating on the stock. Credit Suisse Group’s target price indicates a potential downside of 0.73% from the company’s previous close.
Several other analysts also recently issued reports on the stock. SunTrust Banks reissued a “hold” rating and set a $35.00 target price on shares of TreeHouse Foods in a research note on Friday. Stifel Nicolaus cut their target price on shares of TreeHouse Foods from $44.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday. Jefferies Group reissued a “buy” rating and set a $68.00 target price on shares of TreeHouse Foods in a research note on Thursday. Susquehanna Bancshares set a $44.00 target price on shares of TreeHouse Foods and gave the company a “hold” rating in a research note on Monday, February 12th. Finally, Zacks Investment Research downgraded shares of TreeHouse Foods from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $53.51.
Shares of TreeHouse Foods (THS) traded up $0.80 during trading hours on Friday, reaching $38.28. 3,722,448 shares of the company’s stock traded hands, compared to its average volume of 1,144,042. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.81 and a current ratio of 2.48. TreeHouse Foods has a 52 week low of $36.35 and a 52 week high of $90.42. The firm has a market cap of $2,190.19, a P/E ratio of -7.64, a P/E/G ratio of 2.63 and a beta of 0.42.
TreeHouse Foods declared that its board has authorized a share buyback program on Thursday, November 2nd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
In other news, VP Thomas Emmet Oneill III sold 2,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $45.32, for a total value of $90,640.00. Following the transaction, the vice president now directly owns 135,019 shares of the company’s stock, valued at $6,119,061.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sam K. Reed sold 11,480 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $42.44, for a total transaction of $487,211.20. Following the completion of the transaction, the chief executive officer now directly owns 81,147 shares in the company, valued at $3,443,878.68. The disclosure for this sale can be found here. Insiders sold 36,440 shares of company stock worth $1,680,850 over the last ninety days. 3.50% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Citigroup Inc. increased its position in TreeHouse Foods by 120.6% during the second quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock worth $105,000 after buying an additional 703 shares during the last quarter. Balter Liquid Alternatives LLC acquired a new position in TreeHouse Foods during the fourth quarter worth $174,000. State of Alaska Department of Revenue acquired a new position in TreeHouse Foods during the fourth quarter worth $197,000. ZWJ Investment Counsel Inc. acquired a new position in TreeHouse Foods during the third quarter worth $212,000. Finally, Zions Bancorporation acquired a new position in TreeHouse Foods during the third quarter worth $212,000.
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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