TreeHouse Foods, Inc. (NYSE:THS) Receives $34.83 Consensus Target Price from Brokerages

Shares of TreeHouse Foods, Inc. (NYSE:THS) have received an average recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $34.83.

THS has been the topic of a number of research analyst reports. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th. Barclays raised their target price on shares of TreeHouse Foods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 18th. Jefferies Financial Group cut their price target on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th. Finally, Stifel Nicolaus lifted their price target on shares of TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday, January 24th.

TreeHouse Foods Trading Down 1.2 %

Shares of THS stock opened at $27.06 on Wednesday. TreeHouse Foods has a twelve month low of $25.69 and a twelve month high of $43.84. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 50.11 and a beta of 0.15. The firm has a 50-day moving average price of $31.32 and a 200 day moving average price of $34.94. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90.

TreeHouse Foods (NYSE:THS) last announced 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). The firm had revenue of $905.70 million for the quarter, compared to analysts’ expectations of $907.71 million. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 EPS. Research analysts forecast that TreeHouse Foods will post 1.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TreeHouse Foods

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

TreeHouse Foods Company Profile

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.