WhiteWave Foods Co (WWAV) is Reiterated by Maxim Group to Buy, Raises Price Target to $ 60

WhiteWave Foods Co (WWAV) was Reiterated by Maxim Group to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 60 from a previous price target of $55 . Maxim Group advised their investors in a research report released on Jul 7, 2016.

Many Wall Street Analysts have commented on WhiteWave Foods Co. Company shares were Reiterated by Wunderlich on May 18, 2016 to “Hold”, Firm has raised the Price Target to $ 42 from a previous price target of $39 .Company shares were Reiterated by Piper Jaffray on May 11, 2016 to “Overweight”, Firm has raised the Price Target to $ 51 from a previous price target of $43 .Company shares were Reiterated by Stifel on May 11, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $50 .

On the company’s financial health, WhiteWave Foods Co reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.26. The company had revenue of $1040.00 million for the quarter, compared to analysts expectations of $1015.95 million. The company’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

WhiteWave Foods Co closed down -0.3 points or -0.63% at $46.99 with 14,90,635 shares getting traded on Tuesday. Post opening the session at $47, the shares hit an intraday low of $46.3 and an intraday high of $47.13 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Mar 7, 2016, Gregg L Engles (Chairman and CEO) sold 25,000 shares at $40.22 per share price. According to the SEC, on Feb 19, 2016, Joseph S Jr Hardin (director) sold 25,419 shares at $38.49 per share price. On Feb 19, 2016, Doreen A Wright (director) sold 4,000 shares at $38.24 per share price, according to the Form-4 filing with the securities and exchange commission.

The WhiteWave Foods Company is a consumer packaged food and beverage company. The Company manufactures markets distributes and sells branded plant-based foods and beverages coffee creamers and beverages dairy products and organic produce across North America and Europe. Its segments include Americas Foods & Beverages Americas Fresh Foods and Europe Foods & Beverages. It is engaged in the manufacturing marketing distribution and sale of plant-based beverages in China. In North America it distributes the brands including Silk and So Delicious plant-based foods and beverages; International Delight and LAND O LAKES coffee creamers and beverages; Horizon Organic dairy products and Earthbound Farm organic salads fruits and vegetables. Its plant-based foods and beverages brands in Europe include Alpro and Provamel. It sells its plant-based beverages in China under the Silk ZhiPuMoFang brand. In addition it also offers the Vega brand which includes plant-based nutrition products.

WhiteWave Foods Co

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