Cantor Fitzgerald Sets United Natural Foods Price Target at $36.00 (UNFI)
Equities research analysts at Cantor Fitzgerald lifted their price target on shares of United Natural Foods (NASDAQ: UNFI) from $33.00 to $36.00 in a research note issued to investors on Wednesday. The firm currently has a “sell” rating on the stock.
A number of other firms have also recently commented on UNFI. Analysts at Northland Securities upgraded shares of United Natural Foods from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $58.00 price target on the stock, up previously from $42.00. The company also raised their FY12 EPS guidance to $1.92-$1.96.
Separately, analysts at Barclays Capital (NYSE: BCS) reiterated an “equalweight” rating on shares of United Natural Foods in a research note to investors on Friday, June 1st. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of United Natural Foods in a research note to investors on Wednesday, May 30th.
United Natural Foods opened at 52.00 on Wednesday. United Natural Foods has a 52-week low of $32.83 and a 52-week high of $53.99. The company has a market cap of $2.540 billion and a price-to-earnings ratio of 32.72.
United Natural Foods last posted its quarterly earnings results on Tuesday, June 5th. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.03. United Natural Foods’s revenue was up 15.3% compared to the same quarter last year. Analysts expect that United Natural Foods will post $0.46 EPS next quarter.
United Natural Foods, Inc. is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada.