UBS AG Boosts United Natural Foods Earnings Estimates (UNFI)
UBS AG (NYSE: UBS) upped their EPS estimates on shares of United Natural Foods (NASDAQ: UNFI) in a research note issued on Wednesday. The firm currently has a “neutral” rating and a $53.00 price target on the company’s shares. They previously had a $50.00 price target on the stock.
UNFI has been the subject of a number of other recent research reports. Analysts at Jefferies Group (NYSE: JEF) reiterated a “buy (n/a)” rating on shares of United Natural Foods in a research note to investors on Wednesday. Finally, analysts at Cantor Fitzgerald raised their price target on shares of United Natural Foods from $33.00 to $36.00 in a research note to investors on Wednesday. They now have a “sell” rating on the stock.
Shares of United Natural Foods opened at 52.61 on Wednesday. United Natural Foods has a one year low of $32.83 and a one year high of $53.99. The company has a market cap of $2.572 billion and a P/E ratio of 30.55.
United Natural Foods last issued its quarterly earnings data on Tuesday, June 5th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.03. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, analysts predict that United Natural Foods will post $0.47 earnings per share 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.