Pinnacle Foods (PF) : Zacks Investment Research ranks Pinnacle Foods (PF) as 2, which is a Buy recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 1.75, which indicates as a Buy.
Pinnacle Foods (PF) : The consensus price target for Pinnacle Foods (PF) is $51.78 for the short term with a standard deviation of $3.35. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $56, however, the pessimist price target for the company is $47.
For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Stifel Nicolaus upgrades its outlook on Pinnacle Foods (NYSE:PF). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Hold. The rating by the firm was issued on July 29, 2016.
Pinnacle Foods (NYSE:PF): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.60 and $49.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $50.21, notching a gain of 1.03% for the day. The total traded volume was 3,339,639 . The stock had closed at $49.70 on the previous day.
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.