Dean Foods (NYSE: DF) was upgraded by equities research analysts at Credit Suisse from a “neutral” rating to an “outperform” rating in a research note issued to investors on Wednesday. The firm currently has a $21.00 price target on the stock, up from their previous price target of $18.00.
A number of other analysts have also recently weighed in on DF. Analysts at KeyBanc Capital Mkts upgraded shares of Dean Foods from a “hold” rating to a “buy” rating in a research note to investors on Monday. They now have a $21.00 price target on the stock. Separately, analysts at KeyBanc upgraded shares of Dean Foods from a “hold” rating to a “buy” rating in a research note to investors on Monday. They now have a $21.00 price target on the stock. Finally, analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Dean Foods in a research note to investors on Thursday, February 28th. They now have a $22.00 price target on the stock.
Seven research analysts have rated the stock with a buy rating, two have issued an overweight rating, and seven have issued a hold rating to the company’s stock. Dean Foods presently has an average rating of “overweight” and a consensus price target of $20.36.
Shares of Dean Foods opened at 16.91 on Wednesday. Dean Foods has a one year low of $11.45 and a one year high of $19.17. The stock’s 50-day moving average is currently $17.52. The company has a market cap of $3.134 billion and a P/E ratio of 18.71.
Dean Foods last announced its earnings results on Wednesday, February 13th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.10. The company had revenue of $3.04 million for the quarter, compared to the consensus estimate of $3.37 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. Dean Foods has set its Q1 guidance at $0.22-0.27 EPS and its FY13 guidance at $1.00-1.10 EPS. On average, analysts predict that Dean Foods will post $1.11 earnings per share for the current fiscal year.
Dean Foods Company is a food and beverage company. The Company operates through two segments: Fresh Dairy Direct and WhiteWave-Morningstar.
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