TreeHouse Foods Inc. (NYSE:THS) Given Average Recommendation of “Hold” by Brokerages

Shares of TreeHouse Foods Inc. (NYSE:THS) have been assigned a consensus rating of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $62.69.

Several brokerages recently weighed in on THS. ValuEngine upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. William Blair upgraded TreeHouse Foods from a “market perform” rating to an “outperform” rating in a research report on Monday, December 2nd. Zacks Investment Research lowered TreeHouse Foods from a “hold” rating to a “sell” rating and set a $48.00 price target for the company. in a research report on Monday. Finally, Barclays restated a “hold” rating on shares of TreeHouse Foods in a research report on Sunday, November 10th.

TreeHouse Foods stock traded down $0.47 during mid-day trading on Tuesday, hitting $46.63. The company’s stock had a trading volume of 307,917 shares, compared to its average volume of 325,750. The firm has a market capitalization of $2.59 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 1.76 and a beta of 0.70. TreeHouse Foods has a 1 year low of $44.60 and a 1 year high of $67.88. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 1.29. The stock’s fifty day moving average is $48.61 and its two-hundred day moving average is $52.57.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.03). The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.08 billion. TreeHouse Foods had a positive return on equity of 5.80% and a negative net margin of 7.65%. The company’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 earnings per share. On average, equities analysts expect that TreeHouse Foods will post 2.38 EPS for the current fiscal year.

In other news, CAO Thomas Emmet Oneill III sold 6,400 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $49.11, for a total transaction of $314,304.00. Following the completion of the transaction, the chief accounting officer now directly owns 109,076 shares in the company, valued at $5,356,722.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in THS. AQR Capital Management LLC boosted its position in shares of TreeHouse Foods by 182.8% during the second quarter. AQR Capital Management LLC now owns 504,058 shares of the company’s stock worth $26,922,000 after buying an additional 325,829 shares during the period. APG Asset Management N.V. boosted its holdings in TreeHouse Foods by 51.5% in the second quarter. APG Asset Management N.V. now owns 857,300 shares of the company’s stock valued at $40,727,000 after purchasing an additional 291,600 shares during the period. Nuveen Asset Management LLC purchased a new position in TreeHouse Foods in the second quarter valued at $11,813,000. Sapience Investments LLC boosted its holdings in TreeHouse Foods by 242.9% in the second quarter. Sapience Investments LLC now owns 273,772 shares of the company’s stock valued at $14,811,000 after purchasing an additional 193,922 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in TreeHouse Foods by 7.4% in the third quarter. Russell Investments Group Ltd. now owns 1,862,598 shares of the company’s stock valued at $103,280,000 after purchasing an additional 128,949 shares during the period.

TreeHouse Foods Company Profile

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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Analyst Recommendations for TreeHouse Foods (NYSE:THS)

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