Stifel Nicolaus analyst Matthew Smith, CFA maintained a Hold rating on TreeHouse Foods (THS – Research Report) today and set a price target of $36.00. The company’s shares closed yesterday at $34.58.
According to TipRanks, Smith, CFA is a 4-star analyst with an average return of 12.0% and a 62.90% success rate. Smith, CFA covers the Consumer Defensive sector, focusing on stocks such as Simply Good Foods, Altria Group, and Campbell Soup.
TreeHouse Foods has an analyst consensus of Hold, with a price target consensus of $38.00, implying a 9.89% upside from current levels. In a report released today, TD Cowen also maintained a Hold rating on the stock with a $37.00 price target.
Based on TreeHouse Foods’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $829.9 million and a net profit of $7.5 million. In comparison, last year the company earned a revenue of $881.4 million and had a GAAP net loss of $23.4 million
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TreeHouse Foods (THS) Company Description:
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.
