TreeHouse Foods Given “Hold” Rating at Jefferies Group (THS)

TreeHouse Foods (NYSE:THS)‘s stock had its “hold” rating restated by equities research analysts at Jefferies Group in a research note issued to investors on Friday, AnalystRatings.Net reports. They currently have a $72.00 target price on the stock, up from their previous target price of $65.00. Jefferies Group’s price target would suggest a potential downside of 1.28% from the company’s current price.

The analysts wrote, “THS’ earnings beat expectations and the co. announced the first meaningful acquisition since ST Specialty. Even though the underlying business appears to be slowing (a recurring theme this earnings season), the company remains upbeat on the outlook for the rest of the year and increased its guidance due to good cost control. With the pending acquisition of Associated Brands, THS intends to expand its positioning in hot beverages.”

Shares of TreeHouse Foods (NYSE:THS) traded up 0.55% during mid-day trading on Friday, hitting $73.33. TreeHouse Foods has a one year low of $47.36 and a one year high of $74.64. The stock’s 50-day moving average is currently $69.01. The company has a market cap of $2.658 billion and a P/E ratio of 30.39.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. The company had revenue of $526.30 million for the quarter, compared to the consensus estimate of $544.69 million. During the same quarter last year, the company posted $0.60 earnings per share. TreeHouse Foods’s revenue was down .2% compared to the same quarter last year. On average, analysts predict that TreeHouse Foods will post $3.09 earnings per share for the current fiscal year.

TreeHouse Foods, Inc (NYSE:THS) is a food manufacturer servicing the retail grocery and foodservice distribution channels.