2017 WILL BE A GOOD YEAR FOR KRAFT HEINZ CO.
Kraft Heinz Co. (KHC) announced its quarterly earnings results, reporting $0.83 EPS for the quarter, topping the consensus estimate of $0.74 by $0.09. The business had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $4.70 billion.
Kraft Heinz had a net margin of 10.44% and a return on equity of 6.40%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.44 EPS.
The company opened at 84.05 on Monday, January 3rd, 2017. The company has a market capitalization of $102.34 billion, a P/E ratio of 61.62 and a beta of 0.48. The firm has a 50-day moving average of $88.07 and a 200-day moving average of $86.43. Kraft Heinz has a 52-week low of $68.18 and a 52-week high of $90.54.
Several analysts have commented on KHC shares. RBC Capital Markets reiterated an “outperform” rating and issued a $96.00 price target on shares of Kraft Heinz in a research note on Tuesday, November 1st.
Morgan Stanley decreased their price target on shares of Kraft Heinz from $100.00 to $97.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 31st. JPMorgan Chase & Co. reiterated a “focus list” rating on shares of Kraft Heinz in a research note on Tuesday, October 4th.
Vetr upgraded shares of Kraft Heinz from a “buy” rating to a “strong-buy” rating and set a $98.22 price target on the stock in a research note on Thursday, October 6th.
Finally, Stifel Nicolaus boosted their price target on shares of Kraft Heinz from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, August 5th.
Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $99.48.
