Barclays analyst Andrew Lazar assigned a Hold rating to B&G Foods (BGS – Research Report) yesterday and set a price target of $10.00. The company’s shares closed yesterday at $9.37.
According to TipRanks, Lazar is a 4-star analyst with an average return of 6.3% and a 60.75% success rate. Lazar covers the Consumer Defensive sector, focusing on stocks such as McCormick & Company, The Hershey Company, and Mondelez International.
B&G Foods has an analyst consensus of Hold, with a price target consensus of $10.67, which is a 13.87% upside from current levels. In a report released yesterday, RBC Capital also maintained a Hold rating on the stock with a $11.00 price target.
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Based on B&G Foods’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $502.73 million and a GAAP net loss of $82.74 million. In comparison, last year the company earned a revenue of $528.4 million and had a GAAP net loss of $59.58 million
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B&G Foods (BGS) Company Description:
B&G Foods, Inc.is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S., Canada, and Puerto Rico. Its products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, and wine vinegar. Its brands include Back to Nature, Bear Creek, Cream of Wheat, Green Giant, Mrs. Dash, and Ortega. The company was founded in 1889 and is headquartered in Parsippany, NJ.
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