UniFirst Corp (UNF) is Downgraded by Robert W. Baird to Neutral, Lowers Price Target to $ 121

UniFirst Corp (UNF) was Downgraded by Robert W. Baird to ” Neutral” while Lowering the Price Target of the company shares to $ 121 from a previous price target of $125 . Earlier the firm had a rating of “Outperform ” on the company shares. Robert W. Baird advised their investors in a research report released on Jul 1, 2016.

On the company’s financial health, UniFirst Corp reported $1.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Jun 29, 2016. Analyst had a consensus of $1.34. The company had revenue of $367.80 million for the quarter, compared to analysts expectations of $366.27 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 EPS.

UniFirst Corp opened for trading at $111 and hit $118.63 on the upside on Wednesday, eventually ending the session at $114.89, with a gain of 8.96% or 9.45 points. The heightened volatility saw the trading volume jump to 4,23,793 shares. Company has a market cap of $2,314 M.

In a different news, on Jun 27, 2016, David A Difillippo (Senior VP of Operations) sold 1,267 shares at $109.00 per share price. According to the SEC, on Jun 21, 2016, Steven S Sintros (Senior VP of Finance and CFO) sold 1,070 shares at $113.16 per share price. On Apr 20, 2016, Kathleen M Camilli (director) sold 91 shares at $112.55 per share price, according to the Form-4 filing with the securities and exchange commission.

UniFirst Corporation (UniFirst) is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs manufactures personalizes rents cleans delivers and sells a range of uniforms and protective clothing including shirts pants jackets coveralls lab coats smocks aprons and specialized protective wear such as flame resistant and high visibility garments. The Company operates in five reporting segments: US and Canadian Rental and Cleaning Manufacturing (MFG) Specialty Garments Rental and Cleaning (Specialty Garments) First Aid and Corporate. It also rents industrial wiping products floor mats facility service products other non-garment items and provides restroom and cleaning supplies and first aid cabinet services and other safety supplies to a variety of manufacturers retailers and service companies. It serves businesses of all sizes in numerous industry categories.

UniFirst Corp

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