Flowers Foods (FLO) : 5 analysts are covering Flowers Foods (FLO) and their average rating on the stock is 2.6, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Flowers Foods (FLO) : Currently there are 4 street experts covering Flowers Foods (FLO) stock. The most bullish and bearish price target for the stock is $20 and $4 respectively for the short term. The average price target of all the analysts comes to $13.75. The estimated standard deviation from the target is $6.85.
Also, Major Brokerage house, Jefferies maintains its ratings on Flowers Foods (NYSE:FLO). In the latest research report, Jefferies lowers the target price from $23 per share to $20 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 11, 2016.
Flowers Foods (NYSE:FLO): After opening at $15.2, the stock dipped to an intraday low of $15.2 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $15.5 and the buying power remained strong till the end. The stock closed at $15.37 for the day, a gain of 0.72% for the day session. The total traded volume was 2,452,870. The stocks close on the previous trading day was $15.26.
Flowers Foods, Inc. (Flowers) is a producer and marketer of a line of bakery products on a national and super-regional basis. The Company operates in two segments: a direct-store-delivery segment (DSD Segment) and a warehouse delivery segment (Warehouse Segment). The DSD Segment operates 38 bakeries that market a variety of fresh bakery foods, including breads, buns, rolls, tortillas and snack cakes. The Warehouse Segment produces frozen bread and rolls, and snack products. It operates eight bakeries that produce snack cakes, breads and rolls for national retail, foodservice, vending, and co-pack customers, which are delivered through customers warehouse channels and one bakery mix plant. The company operates 46 bakeries, of which 44 are owned and two are leased, and one mix plant.