TreeHouse Foods (THS) Given “Buy” Rating at Jefferies Financial Group
Jefferies Financial Group reissued their buy rating on shares of TreeHouse Foods (NYSE:THS) in a research note released on Wednesday morning. The brokerage currently has a $72.00 price objective on the stock. Jefferies Financial Group also issued estimates for TreeHouse Foods’ Q2 2019 earnings at $0.41 EPS, Q3 2019 earnings at $0.81 EPS, Q4 2019 earnings at $1.23 EPS, FY2020 earnings at $3.06 EPS and FY2022 earnings at $4.08 EPS.
Several other brokerages have also weighed in on THS. Citigroup reiterated a buy rating and set a $60.00 price objective on shares of TreeHouse Foods in a report on Wednesday, December 12th. Credit Suisse Group set a $55.00 price objective on shares of TreeHouse Foods and gave the company a hold rating in a report on Friday, February 15th. TheStreet upgraded shares of TreeHouse Foods from a d+ rating to a c- rating in a report on Wednesday, January 16th. BMO Capital Markets upped their price objective on shares of TreeHouse Foods to $55.00 and gave the company a market perform rating in a report on Friday, February 15th. Finally, Bank of America reiterated a neutral rating and set a $58.00 price objective (up previously from $55.00) on shares of TreeHouse Foods in a report on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $54.38.
Shares of THS opened at $63.91 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.07. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 2.33 and a beta of 0.54. TreeHouse Foods has a 12 month low of $36.43 and a 12 month high of $64.49.
Several institutional investors and hedge funds have recently bought and sold shares of THS. Hudson Executive Capital LP acquired a new stake in shares of TreeHouse Foods in the 4th quarter worth about $125,237,000. Norges Bank acquired a new stake in shares of TreeHouse Foods in the 4th quarter worth about $46,657,000. Thrivent Financial for Lutherans raised its holdings in shares of TreeHouse Foods by 6,304.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 870,168 shares of the company’s stock worth $44,127,000 after acquiring an additional 856,582 shares during the last quarter. Channing Capital Management LLC raised its holdings in shares of TreeHouse Foods by 51.5% in the 3rd quarter. Channing Capital Management LLC now owns 1,558,624 shares of the company’s stock worth $74,580,000 after acquiring an additional 529,989 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of TreeHouse Foods by 126.6% in the 3rd quarter. Renaissance Technologies LLC now owns 670,500 shares of the company’s stock worth $32,083,000 after acquiring an additional 374,600 shares during the last quarter.
About TreeHouse Foods
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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