Jefferies analyst Robert Dickerson assigned a Hold rating to TreeHouse Foods (THS – Research Report) on August 8 and set a price target of $52.00. The company’s shares closed yesterday at $47.40.
Dickerson covers the Consumer Defensive sector, focusing on stocks such as Campbell Soup, Conagra Brands, and General Mills. According to TipRanks, Dickerson has an average return of 1.6% and a 57.67% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TreeHouse Foods with a $56.33 average price target, a 18.84% upside from current levels. In a report released on August 8, Barclays also reiterated a Hold rating on the stock with a $55.00 price target.
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THS market cap is currently $2.56B and has a P/E ratio of 47.39.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is neutral on the stock.
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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:
- 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,
- TreeHouse Foods, Inc. Reports Second Quarter 2023 Results
