Kraft Heinz Co (KHC) is Reiterated by UBS to Buy, Raises Price Target to $ 92

Kraft Heinz Co (KHC) was Reiterated by UBS to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 92 from a previous price target of $87 . UBS advised their investors in a research report released on May 5, 2016.

Many Wall Street Analysts have commented on Kraft Heinz Co. Company shares were Reiterated by Stifel on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 90 from a previous price target of $85 .Company shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 92 from a previous price target of $88 .Kraft Heinz Co was Upgraded by JP Morgan to ” Overweight” on Feb 26, 2016.

On the company’s financial health, Kraft Heinz Co reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.61. The company had revenue of $6570.00 million for the quarter, compared to analysts expectations of $6463.10 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.53 EPS.

Kraft Heinz Co opened for trading at $78.48 and hit $80.3 on the upside on Wednesday, eventually ending the session at $79.98, with a gain of 1.65% or 1.3 points. The heightened volatility saw the trading volume jump to 46,86,999 shares. Company has a market cap of $97,191 M.

In a different news, on Nov 20, 2015, Jeanne P Jackson (director) purchased 4,330 shares at $75.40 per share price.

The Kraft Heinz Company formerly H.J. Heinz Holding Corporation is a food and beverage company. The Company provides taste and nutrition foods for all eating occasions. The Company’s brands include Kraft Heinz ABC Capri Sun Classico Jell-O Kool-Aid Lunchables Maxwell House Ore-Ida Oscar Mayer Philadelphia Planters Plasmon Quero Weight Watchers Smart Ones and Velveeta.

Kraft Heinz Co

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