Jefferies Group Reaffirms Buy (N/A) Rating on United Natural Foods (UNFI)

By admin | 6 years ago

United Natural Foods (NASDAQ: UNFI)‘s stock had its “buy (n/a)” rating restated by equities researchers at Jefferies Group (NYSE: JEF) in a report issued on Wednesday.

Shares of 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 P/E ratio of 32.72.

United Natural Foods last announced its earnings results 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 $0.46 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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.
Finally, 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.

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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