Pinnacle Foods (PF) : Analyst Rating Update

Pinnacle Foods (PF) : Zacks Investment Research ranks Pinnacle Foods (PF) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2, which indicates as a Buy.

Pinnacle Foods (PF) : 8 Wall Street analysts covering Pinnacle Foods (PF) believe that the average level the stock could reach for the short term is $48.25. The maximum price target given is $52 and the minimum target for short term is around $44, hence the standard deviation is calculated at $2.71.

Pinnacle Foods (NYSE:PF): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.24 and $45.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.94, notching a gain of 1.58% for the day. The total traded volume was 1,428,165 . The stock had closed at $46.21 on the previous day.

The company shares have dropped -0.32% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $47.88 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $43.37 and the 200 Day Moving Average price is recorded at $43.31.

Pinnacle Foods Inc. is a manufacturer, marketer and distributor of food products in North America. The Companys products are sold through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, drug stores and warehouse clubs in the United States and Canada, as well as in military channels and foodservice locations. The Company operates through three segments: the Birds Eye Frozen segment, the Duncan Hines Grocery segment and the Specialty Foods segment. The Birds Eye Frozen segment and the Duncan Hines Grocery segment, which collectively represent its North America Retail operations, include Birds Eye, Birds Eye Voila!, Van de Kamps, Mrs. Pauls, Lenders, Celeste, Hungry-Man and Aunt Jemima brands. The Duncan Hines Grocery Segment includes Duncan Hines, Vlasic, Log Cabin, Armour, Brooks and, Nalley brand among others. Specialty Foods Segment consists of Snack Products and Foodservice and Private Label.

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