Analysts Set TreeHouse Foods, Inc. (NYSE:THS) Price Target at $34.20

Shares of TreeHouse Foods, Inc. (NYSE:THS) have been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $34.20.

A number of brokerages have issued reports on THS. Barclays reduced their price objective on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 13th. Stifel Nicolaus reduced their price objective on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Truist Financial cut their price target on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. StockNews.com downgraded TreeHouse Foods from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Consumer Edge downgraded TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th.

TreeHouse Foods Stock Performance

Shares of TreeHouse Foods stock opened at $35.06 on Friday. The stock has a fifty day simple moving average of $34.27 and a 200 day simple moving average of $37.73. TreeHouse Foods has a 12-month low of $28.04 and a 12-month high of $43.84. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The business had revenue of $854.40 million during the quarter, compared to the consensus estimate of $881.15 million. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 EPS. Sell-side analysts expect that TreeHouse Foods will post 1.96 earnings per share for the current fiscal year.

Institutional Trading of TreeHouse Foods

A number of institutional investors have recently added to or reduced their stakes in THS. Signaturefd LLC raised its holdings in shares of TreeHouse Foods by 42.1% during the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after buying an additional 296 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of TreeHouse Foods by 4.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company’s stock worth $447,000 after buying an additional 481 shares during the last quarter. Verdence Capital Advisors LLC grew its position in shares of TreeHouse Foods by 5.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 9,074 shares of the company’s stock worth $381,000 after buying an additional 499 shares during the last quarter. KBC Group NV lifted its stake in shares of TreeHouse Foods by 40.9% in the 3rd quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after purchasing an additional 564 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in shares of TreeHouse Foods in the 2nd quarter valued at approximately $37,000. Hedge funds and other institutional investors 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.