Stifel Nicolaus Lowers TreeHouse Foods (NYSE:THS) Price Target to $24.00

TreeHouse Foods (NYSE:THS) had its price objective reduced by stock analysts at Stifel Nicolaus from $26.00 to $24.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 6.95% from the stock’s current price.

Several other equities research analysts have also recently commented on THS. Jefferies Financial Group dropped their target price on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating for the company in a research report on Tuesday, February 18th. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Barclays increased their target price on TreeHouse Foods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 18th. Finally, TD Cowen dropped their price target on TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday, April 11th. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $30.50.

TreeHouse Foods Price Performance

THS stock opened at $22.44 on Thursday. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90. The firm’s 50-day moving average price is $26.70 and its two-hundred day moving average price is $32.34. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 41.56 and a beta of 0.40. TreeHouse Foods has a 12-month low of $21.39 and a 12-month high of $43.84.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Friday, February 14th. The company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). The business 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 firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. As a group, equities analysts predict that TreeHouse Foods will post 1.94 earnings per share for the current year.

Hedge Funds Weigh In On TreeHouse Foods

Several institutional investors and hedge funds have recently modified their holdings of the stock. Hsbc Holdings PLC increased its stake in TreeHouse Foods by 4.5% during the 4th 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 increased its position 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 acquiring an additional 407 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in TreeHouse Foods by 2.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 25,462 shares of the company’s stock worth $690,000 after acquiring an additional 562 shares during the last quarter. Bank of Montreal Can raised its holdings in TreeHouse Foods by 9.6% in the 4th quarter. Bank of Montreal Can now owns 7,740 shares of the company’s stock worth $272,000 after acquiring an additional 681 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in TreeHouse Foods by 2.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,838 shares of the company’s stock valued at $943,000 after acquiring an additional 696 shares in the last quarter. 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.