United Natural Foods (UNFI) : Zacks Investment Research ranks United Natural Foods (UNFI) as 1, which is a Strong Buy recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2.83, which indicates as a Hold.
United Natural Foods (UNFI) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $53 and the lowest price target forecast is $35. The average forecast of all the analysts is $42.3 and the expected standard deviation is $5.58.
United Natural Foods (NASDAQ:UNFI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.21 and $46.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.19, notching a gain of 1.86% for the day. The total traded volume was 811,361 . The stock had closed at $46.33 on the previous day.
Also, Major Brokerage house, Standpoint Research downgrades its ratings on United Natural Foods (NASDAQ:UNFI). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 7, 2016. The company shares have dropped -26.03% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $68.63 and the one year low was seen on Feb 29, 2016. The 50-Day Moving Average price is $41.16 and the 200 Day Moving Average price is recorded at $37.97.
United Natural Foods, Inc. is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada. It offers products, in six product categories: grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and food service products and personal care items. Its operations consist of three operating divisions: wholesale division, which includes its natural, organic and specialty distribution business in the United States; UNFI Canada, which is its natural, organic and specialty business in Canada; Alberts Organics, Inc. and Select Nutrition; retail division, consisting of EOM, which operates its 12 natural products retail stores within the United States; manufacturing division, consisting of Woodstock Farms Manufacturing. In July 2014, the Company acquired all of stock of Tonys Fine Foods, making it a wholly-owned subsidiary of the Company.