Kellogg Company (K) has an average broker rating of 3.15, which is interpreted as a Hold, as rated by 13 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.
Kellogg Company (K) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $92 and the lowest price target forecast is $78. The average forecast of all the analysts is $83.29 and the expected standard deviation is $5.65.
Also, JP Morgan maintains its view on Kellogg Company (NYSE:K) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. JP Morgan raises the price target from $73 per share to $87 per share on Kellogg Company. The rating by the firm was issued on August 5, 2016.
Kellogg Company (NYSE:K): After opening at $77.77, the stock dipped to an intraday low of $77.74 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $78.5 and the buying power remained strong till the end. The stock closed at $78.26 for the day, a gain of 0.22% for the day session. The total traded volume was 2,904,005. The stocks close on the previous trading day was $78.09.
Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The Companys principal products are ready-to-eat cereals and convenience foods, such as cookies, crackers, savory snacks, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles and veggie foods. The Companys cereal products are generally marketed under the Kelloggs name and are sold to the grocery trade through direct sales forces for resale to consumers. The Company also markets cookies, crackers, crisps and other convenience foods, under brands, such as Kelloggs, Keebler, Cheez-It, Murray, Austin and Famous Amos, to supermarkets in the United States through a direct store-door (DSD) delivery system, although other distribution methods are also used. The Company uses broker and distributor arrangements for certain products. It also uses similar arrangements, in less-developed market areas or in those market areas outside of its focus.