TreeHouse Foods (NYSE:THS) PT Lowered to $55.00 at Citigroup

TreeHouse Foods (NYSE:THS) had its target price lowered by Citigroup from $58.00 to $55.00 in a research note issued to investors on Friday, November 2nd. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on the company. ValuEngine downgraded TreeHouse Foods from a hold rating to a sell rating in a report on Wednesday, September 19th. Stifel Nicolaus increased their price objective on TreeHouse Foods from $48.00 to $50.00 and gave the stock a hold rating in a report on Friday, August 3rd. Zacks Investment Research downgraded TreeHouse Foods from a buy rating to a hold rating in a report on Monday, August 13th. Susquehanna Bancshares raised their price target on TreeHouse Foods from $45.00 to $46.00 and gave the company a neutral rating in a research note on Thursday, September 20th. Finally, JPMorgan Chase & Co. upgraded TreeHouse Foods from an underweight rating to a neutral rating and set a $39.00 price target for the company in a research note on Friday, August 3rd. Twelve equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $48.62.

NYSE:THS traded up $0.20 during mid-day trading on Friday, hitting $48.52. The company had a trading volume of 738,355 shares, compared to its average volume of 990,060. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 4.18 and a beta of 0.41. The company has a current ratio of 1.90, a quick ratio of 0.59 and a debt-to-equity ratio of 1.07. TreeHouse Foods has a fifty-two week low of $36.35 and a fifty-two week high of $55.60.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.07. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. TreeHouse Foods had a positive return on equity of 5.61% and a negative net margin of 5.93%. TreeHouse Foods’s revenue was down 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 earnings per share. Sell-side analysts predict that TreeHouse Foods will post 2.13 earnings per share for the current year.

In related news, VP Thomas Emmet Oneill III sold 3,987 shares of TreeHouse Foods stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $48.00, for a total transaction of $191,376.00. Following the completion of the sale, the vice president now directly owns 131,720 shares of the company’s stock, valued at approximately $6,322,560. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in THS. Contravisory Investment Management Inc. acquired a new stake in TreeHouse Foods during the 3rd quarter worth approximately $123,000. Point72 Hong Kong Ltd raised its holdings in TreeHouse Foods by 2,073.5% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,869 shares of the company’s stock valued at $151,000 after acquiring an additional 2,737 shares in the last quarter. Huntington National Bank raised its holdings in TreeHouse Foods by 50.0% in the 2nd quarter. Huntington National Bank now owns 3,000 shares of the company’s stock valued at $158,000 after acquiring an additional 1,000 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in TreeHouse Foods by 62.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the company’s stock valued at $204,000 after acquiring an additional 1,506 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new position in TreeHouse Foods in the 2nd quarter valued at $216,000.

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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