TreeHouse Foods (NYSE:THS) Given New $27.00 Price Target at TD Cowen

by · The Cerbat Gem

TreeHouse Foods (NYSE:THS – Get Free Report) had its target price decreased by equities researchers at TD Cowen from $32.00 to $27.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s target price suggests a potential upside of 15.32% from the stock’s previous close.

A number of other research firms have also recently commented on THS. Barclays lifted their price target on shares of TreeHouse Foods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 18th. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th. Stifel Nicolaus decreased their price target on TreeHouse Foods from $35.00 to $26.00 and set a “hold” rating for the company in a research note on Friday. Finally, Jefferies Financial Group dropped their price objective on TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating for the company in a report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $31.67.

Read Our Latest Report on THS

TreeHouse Foods Trading Up 8.1 %

Shares of NYSE:THS traded up $1.76 during trading on Friday, reaching $23.41. The company’s stock had a trading volume of 571,003 shares, compared to its average volume of 567,173. The stock has a market capitalization of $1.18 billion, a PE ratio of 43.04 and a beta of 0.40. TreeHouse Foods has a 12 month low of $21.00 and a 12 month high of $43.84. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90. The firm’s 50 day simple moving average is $29.08 and its two-hundred day simple moving average is $33.69.

TreeHouse Foods (NYSE:THS – Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.02). TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The company had revenue of $905.70 million during the quarter, compared to the consensus estimate of $907.71 million. During the same period in the previous year, the business earned $0.77 earnings per share. TreeHouse Foods’s revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts predict that TreeHouse Foods will post 1.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of THS. Blue Trust Inc. lifted its holdings in shares of TreeHouse Foods by 456.7% in the 4th quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock worth $39,000 after buying an additional 918 shares during the period. Sterling Capital Management LLC raised its holdings in shares of TreeHouse Foods by 134.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,374 shares of the company’s stock valued at $83,000 after acquiring an additional 1,361 shares in the last quarter. KBC Group NV lifted its stake in TreeHouse Foods by 45.1% in the fourth quarter. KBC Group NV now owns 2,820 shares of the company’s stock worth $99,000 after acquiring an additional 877 shares during the period. CIBC Private Wealth Group LLC grew its holdings in TreeHouse Foods by 58.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company’s stock worth $142,000 after acquiring an additional 1,508 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC purchased a new position in TreeHouse Foods during the 4th quarter valued at about $216,000. Institutional investors own 99.81% of the company’s stock.

TreeHouse Foods Company Profile

(Get Free Report)

TreeHouse Foods, Inc manufactures and distributes private brands snacks and beverages in the United States and internationally. The company provides snacking products, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, and candies; and beverage and drink mixes, including non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.

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