TreeHouse Foods (NYSE:THS) had its price objective boosted by Susquehanna Bancshares from $45.00 to $46.00 in a research note released on Thursday. Susquehanna Bancshares currently has a neutral rating on the stock.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded TreeHouse Foods from a hold rating to a buy rating and set a $54.00 price objective for the company in a report on Tuesday, August 14th. Stifel Nicolaus increased their price objective on TreeHouse Foods from $48.00 to $50.00 and gave the stock a hold rating in a report on Friday, August 3rd. Barclays reiterated a hold rating and issued a $53.00 price objective on shares of TreeHouse Foods in a report on Sunday, August 5th. ValuEngine upgraded TreeHouse Foods from a sell rating to a hold rating in a report on Thursday, September 13th. Finally, JPMorgan Chase & Co. upgraded TreeHouse Foods from an underweight rating to a neutral rating and set a $39.00 price objective for the company in a report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $48.92.
THS opened at $52.05 on Thursday. TreeHouse Foods has a 1 year low of $36.35 and a 1 year high of $68.90. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 2.02. The company has a market cap of $2.99 billion, a P/E ratio of 18.52, a P/E/G ratio of 5.04 and a beta of 0.45.
TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Thursday, August 2nd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.12. TreeHouse Foods had a positive return on equity of 5.54% and a negative net margin of 5.41%. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the business posted $0.51 EPS. The business’s revenue was down 4.4% on a year-over-year basis. research analysts forecast that TreeHouse Foods will post 2.14 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in THS. Wells Fargo & Company MN lifted its stake in shares of TreeHouse Foods by 1.9% in the 1st quarter. Wells Fargo & Company MN now owns 1,786,796 shares of the company’s stock valued at $68,382,000 after purchasing an additional 33,220 shares during the period. Prudential Financial Inc. lifted its stake in shares of TreeHouse Foods by 33.8% in the 1st quarter. Prudential Financial Inc. now owns 86,474 shares of the company’s stock valued at $3,309,000 after purchasing an additional 21,850 shares during the period. Swiss National Bank lifted its stake in shares of TreeHouse Foods by 2.3% in the 1st quarter. Swiss National Bank now owns 99,551 shares of the company’s stock valued at $3,810,000 after purchasing an additional 2,200 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in shares of TreeHouse Foods in the 1st quarter valued at approximately $258,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of TreeHouse Foods by 6.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 350,280 shares of the company’s stock valued at $13,406,000 after purchasing an additional 22,396 shares during the period.
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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