SunTrust Upgrades Flowers Foods to Buy (FLO)
Flowers Foods (NYSE: FLO) was upgraded by research analysts at SunTrust (NYSE: STI) from a “neutral” rating to a “buy” rating in a report released on Thursday. The firm currently has a $28.00 target price on the stock.
Shares of Flowers Foods traded up 1.37% during mid-day trading on Thursday, hitting $22.3223. Flowers Foods has a one year low of $17.79 and a one year high of $23.13. The company has a market cap of $3.034 billion and a P/E ratio of 25.02.
Flowers Foods last issued its quarterly earnings data on Thursday, May 24th. The company reported $0.28 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.28. The company’s quarterly revenue was up 12.0% on a year-over-year basis. On average, analysts predict that Flowers Foods will post $0.26 earnings per share next quarter.
Separately, analysts at Longbow Research downgraded shares of Flowers Foods from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, May 1st.
Flowers Foods, Inc. (Flowers Foods) is a producer and marketer of bakery products in the United States.