RBC Capital Boosts Price Target on The Fresh Market (TFM)

By admin | 6 years ago

Equities research analysts at RBC Capital (NYSE: RY) boosted their price target on shares of The Fresh Market (NYSE: TFM) from $48.00 to $56.00 in a research note issued to investors on Thursday. The firm currently has a “sector perform” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase (NYSE: JPM) raised their price target on shares of The Fresh Market from $55.00 to $61.00 in a research note to investors on Thursday. Separately, analysts at Goldman Sachs (NYSE: GS) raised their price target on shares of The Fresh Market from $47.00 to $53.00 in a research note to investors on Thursday. Finally, analysts at Goldman Sachs (NYSE: GS) reiterated a “neutral” rating on shares of The Fresh Market in a research note to investors on Thursday.

The Fresh Market opened at 58.12 on Thursday. The Fresh Market has a 52-week low of $30.86 and a 52-week high of $59.10. The company has a market cap of $2.793 billion and a price-to-earnings ratio of 48.84.

The Fresh Market last posted its quarterly earnings results on Wednesday, May 30th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.05. The Fresh Market’s revenue was up 22.8% compared to the same quarter last year. Analysts expect that The Fresh Market will post $0.24 EPS next quarter.

The Fresh Market, Inc., (The Fresh Market) is a specialty retailer. The Company focuses on perishable product categories, which include meat, seafood, produce, deli, bakery, floral, sushi and prepared foods.

About the author