JPMorgan Chase Lowers TreeHouse Foods to Neutral (THS)

By admin | 6 years ago

TreeHouse Foods (NYSE: THS) was downgraded by investment analysts at JPMorgan Chase (NYSE: JPM) from an “overweight” rating to a “neutral” rating in a note issued to investors on Monday. They currently have a $60.00 target price on the stock.

TreeHouse Foods opened at 57.51 on Monday. 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 $2.066 billion and a price-to-earnings ratio of 22.46.

The company last announced its quarterly results on Friday, February 10th. It reported $0.85 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.87 EPS by $0.02. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts expect that TreeHouse Foods will post $0.63 EPS next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Stephens upgraded shares of TreeHouse Foods from an “equal weight” rating to an “overweight” rating in a research note to investors on Tuesday, April 24th. Separately, analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of TreeHouse Foods to $62.00 in a research note to investors on Wednesday, March 21st. Finally, analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of TreeHouse Foods in a research note to investors on Wednesday, March 21st.

TreeHouse Foods, Inc. (TreeHouse), is a food manufacturer servicing primarily the retail grocery and foodservice distribution channels.

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