Credit Suisse Raises Price Target on TreeHouse Foods (THS)
Analysts at Credit Suisse (NYSE: CS) raised their price target on shares of TreeHouse Foods (NYSE: THS) to $62.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “neutral” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of TreeHouse Foods in a research note to investors on Wednesday, May 9th. Separately, analysts at Janney Montgomery Scott upgraded shares of TreeHouse Foods from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, May 9th. Finally, analysts at JPMorgan Chase (NYSE: JPM) downgraded shares of TreeHouse Foods from an “overweight” rating to a “neutral” rating in a research note to investors on Monday, April 30th. They now have a $60.00 price target on the stock.
TreeHouse Foods traded up 0.31% on Wednesday, hitting $59.00. TreeHouse Foods has a 52-week low of $50.02 and a 52-week high of $67.25. The company has a market cap of $2.121 billion and a price-to-earnings ratio of 22.46.
TreeHouse Foods last posted its quarterly earnings results on Tuesday, May 8th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts expect that TreeHouse Foods will post $0.90 EPS next quarter.
TreeHouse Foods, Inc. (TreeHouse), is a food manufacturer servicing primarily the retail grocery and foodservice distribution channels.