TreeHouse Foods (NYSE:THS) Price Target Raised to $36.00 at Barclays

TreeHouse Foods (NYSE:THS - Get Free Report) had its target price raised by research analysts at Barclays from $35.00 to $36.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price target indicates a potential upside of 17.83% from the stock's previous close.

A number of other equities analysts have also commented on THS. Consumer Edge lowered shares of TreeHouse Foods from an "overweight" rating to an "equal weight" rating in a report on Friday, November 15th. Truist Financial cut their target price on TreeHouse Foods from $35.00 to $30.00 and set a "hold" rating on the stock in a report on Wednesday, November 13th. StockNews.com raised TreeHouse Foods from a "sell" rating to a "hold" rating in a research note on Tuesday. Finally, Stifel Nicolaus lifted their price objective on TreeHouse Foods from $32.00 to $35.00 and gave the stock a "hold" rating in a research note on Friday, January 24th. Eight research analysts have rated the stock with a hold rating, According to MarketBeat, TreeHouse Foods has a consensus rating of "Hold" and an average price target of $34.83.

TreeHouse Foods Price Performance

Shares of THS traded up $0.04 during trading hours on Tuesday, reaching $30.55. The stock had a trading volume of 627,977 shares, compared to its average volume of 700,271. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36. TreeHouse Foods has a 12 month low of $28.04 and a 12 month high of $43.84. The stock has a market capitalization of $1.53 billion, a PE ratio of 56.58 and a beta of 0.22. The company's 50-day moving average is $33.98 and its two-hundred day moving average is $36.93.

TreeHouse Foods (NYSE:THS - Get Free Report) last announced its quarterly earnings results on Friday, February 14th. The company reported $0.95 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.02). TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The firm had revenue of $905.70 million for the quarter, compared to analyst estimates of $907.71 million. During the same period in the previous year, the business posted $0.77 earnings per share. The business's revenue for the quarter was down .5% compared to the same quarter last year. Research analysts expect that TreeHouse Foods will post 1.94 EPS for the current year.

Hedge Funds Weigh In On TreeHouse Foods

Institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC lifted its position 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 acquiring an additional 296 shares during the period. Hsbc Holdings PLC increased its stake in TreeHouse Foods by 4.5% in the fourth quarter. Hsbc Holdings PLC now owns 9,024 shares of the company's stock valued at $317,000 after purchasing an additional 385 shares in the last quarter. Comerica Bank raised its holdings in shares of TreeHouse Foods by 1.5% during the fourth quarter. Comerica Bank now owns 28,207 shares of the company's stock valued at $991,000 after purchasing an additional 407 shares during the period. BNP Paribas Financial Markets boosted its position in shares of TreeHouse Foods by 4.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company's stock worth $447,000 after purchasing an additional 481 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its stake 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 valued at $381,000 after buying an additional 499 shares during the period. 99.81% of the stock is currently owned by institutional investors.

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.