Canaccord Genuity Gives Buy Rating to United Natural Foods (UNFI)

By admin | 6 years ago

United Natural Foods (NASDAQ: UNFI)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity in a research note issued on Wednesday.

UNFI has been the subject of a number of other recent research reports. Analysts at Cantor Fitzgerald initiated coverage on shares of United Natural Foods in a research note to investors on Thursday, March 29th. They set a “sell” rating and a $33.00 price target on the stock. Separately, analysts at Jefferies Group (NYSE: JEF) reiterated a “buy” rating on shares of United Natural Foods in a research note to investors on Tuesday, March 20th. Finally, analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of United Natural Foods to $53.00 in a research note to investors on Tuesday, March 20th. They now have a “buy” rating on the stock.

Shares of United Natural Foods traded down 1.10% during mid-day trading on Wednesday, hitting $50.25. United Natural Foods has a one year low of $32.83 and a one year high of $50.37. The company has a market cap of $2.454 billion and a P/E ratio of 31.98.

United Natural Foods last issued its quarterly earnings data on Tuesday, March 6th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.01. United Natural Foods’s revenue was up 15.5% compared to the same quarter last year. On average, analysts predict that United Natural Foods will post $0.51 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.

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