US Foods (USFD) Given New $34.00 Price Target at Loop Capital

US Foods (NYSE:USFD) had its target price reduced by Loop Capital from $36.00 to $34.00 in a research report released on Friday morning, The Fly reports. They currently have a hold rating on the stock.

Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded US Foods from a sell rating to a hold rating in a report on Tuesday, September 18th. Citigroup reduced their price target on US Foods from $45.00 to $39.00 and set a buy rating on the stock in a report on Friday, August 17th. Morgan Stanley reduced their price target on US Foods from $43.00 to $41.00 and set a buy rating on the stock in a report on Tuesday, July 31st. Royal Bank of Canada restated a hold rating and set a $35.00 price target on shares of US Foods in a report on Tuesday, July 31st. Finally, Credit Suisse Group reduced their price target on US Foods from $40.00 to $37.00 and set a buy rating on the stock in a report on Tuesday, July 31st. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. US Foods presently has a consensus rating of Buy and an average price target of $37.87.

Shares of USFD traded down $0.30 during trading hours on Friday, hitting $31.50. The company had a trading volume of 1,631,747 shares, compared to its average volume of 3,491,959. The company has a market cap of $6.89 billion, a P/E ratio of 34.62, a P/E/G ratio of 0.65 and a beta of 0.36. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 1.08. US Foods has a 52-week low of $26.30 and a 52-week high of $40.92.

US Foods (NYSE:USFD) last released its quarterly earnings data on Tuesday, November 6th. The company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.04. The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.31 billion. US Foods had a return on equity of 13.04% and a net margin of 2.33%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. Equities research analysts forecast that US Foods will post 1.99 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. First Mercantile Trust Co. purchased a new position in shares of US Foods during the 2nd quarter worth approximately $122,000. SG Americas Securities LLC purchased a new position in shares of US Foods during the 2nd quarter worth approximately $123,000. Nisa Investment Advisors LLC purchased a new position in shares of US Foods during the 2nd quarter worth approximately $189,000. First Republic Investment Management Inc. purchased a new position in shares of US Foods during the 2nd quarter worth approximately $203,000. Finally, People s United Financial Inc. bought a new stake in shares of US Foods in the 2nd quarter worth approximately $218,000.

US Foods Company Profile

US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. Its customers include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations.

Featured Article: Technical Analysis of Stocks and What It Means

The Fly

Analyst Recommendations for US Foods (NYSE:USFD)

Receive News & Ratings for US Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Foods and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply