In a report released on August 28, Bill Chappell from Truist Financial maintained a Buy rating on TreeHouse Foods (THS – Research Report), with a price target of $55.00. The company’s shares closed yesterday at $46.38.
Chappell covers the Consumer Defensive sector, focusing on stocks such as Constellation Brands, MGP Ingredients, and Scotts Miracle-Gro Company. According to TipRanks, Chappell has an average return of 6.5% and a 56.01% success rate on recommended stocks.
TreeHouse Foods has an analyst consensus of Moderate Buy, with a price target consensus of $55.50.
See Insiders’ Hot Stocks on TipRanks >>
Based on TreeHouse Foods’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $843.6 million and a net profit of $23.3 million. In comparison, last year the company earned a revenue of $810.2 million and had a GAAP net loss of $29.4 million
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is neutral on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
TreeHouse Foods, Inc. is a food manufacturer servicing primarily in retail grocery and foodservice channels. Its products include non dairy powdered creamers and sweeteners; condensed, ready to serve, and powdered soups; refrigerated and shelf stable salad dressings and sauces; powdered drink mixes; single serve hot beverages; specialty teas; hot and cold cereals; macaroni and cheese, skillet dinners and other value added side dishes and salads; salsa and Mexican sauces; jams and pie fillings; pickles and related products; aseptic sauces; and liquid non dairy creamer. It operates through the following segments: Baked Goods, Beverages and Meal Solutions. The Baked Goods segment sells bars; candy; cookies; crackers; in-store bakery products; pita chips; pretzels; refrigerated dough; and retail griddle waffles, pancakes, and French toast. The Beverages segment sells broths; liquid non-dairy creamer; non-dairy powdered creamers; powdered drinks; ready-to-drink coffee; single serve hot beverages; specialty teas, and sweeteners. The Meal Solutions segment sells aseptic cheese and pudding products; baking and mix powders; hot cereals; jams, preserves, and jellies; macaroni and cheese; mayonnaise; Mexican, barbeque, and other sauces; pasta; pickles and related products; powdered soups and gravies; refrigerated and shelf stable dressings and sauces; skillet dinners; and table and flavored syrups. The company was founded on January 25, 2005 and is headquartered in Oak Brook, IL.
Read More on THS:
- Jana buys Leidos during Q2, exits BlackSky Technology
- TreeHouse price target lowered to $52 from $56 at Stifel
- Farmer Bros. commences planned transition of Scott Drake’s CFO role
- TreeHouse sees Q3 revenue $950M-$970M, consensus $930.12M
- TreeHouse raises FY23 revenue view to $3.71B-$3.78B from $3.66B-$3.73B,
