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