Citigroup Inc. reaffirmed their buy rating on shares of US Foods (NASDAQ:USFD) in a research note published on Monday. The firm currently has a $27.00 price objective on the stock, down from their prior price objective of $30.00.
A number of other analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of US Foods from a hold rating to a buy rating and set a $28.00 price objective for the company in a report on Tuesday, August 23rd. Guggenheim assumed coverage on shares of US Foods in a research note on Tuesday, June 21st. They issued a buy rating for the company. Bank of America Corp. assumed coverage on shares of US Foods in a research note on Monday, June 20th. They issued a buy rating and a $29.00 target price for the company. Morgan Stanley assumed coverage on shares of US Foods in a research note on Monday, June 20th. They issued an equal weight rating and a $28.00 target price for the company. Finally, Credit Suisse Group AG assumed coverage on shares of US Foods in a research note on Monday, June 20th. They issued an outperform rating and a $29.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $27.18.
US Foods (NASDAQ:USFD) opened at 23.01 on Monday. The firm’s market capitalization is $5.08 billion. The company’s 50-day moving average is $23.72 and its 200-day moving average is $24.23. US Foods has a 52-week low of $22.51 and a 52-week high of $25.83.
US Foods (NASDAQ:USFD) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by $0.42. The company had revenue of $5.81 million for the quarter, compared to analyst estimates of $5.84 million. US Foods’s quarterly revenue was down .6% on a year-over-year basis. Analysts forecast that US Foods will post $1.30 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada purchased a new position in US Foods during the second quarter worth approximately $121,000. Quantbot Technologies LP bought a new stake in shares of US Foods during the second quarter valued at about $149,000. BlackRock Japan Co. Ltd bought a new stake in shares of US Foods during the second quarter valued at about $201,000. Nomura Holdings Inc. bought a new stake in shares of US Foods during the second quarter valued at about $229,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of US Foods during the second quarter valued at about $233,000.
US Foods Company Profile
US Foods Holding Corp. is a holding company. The Company, through its subsidiary, US Foods, Inc (USF), is involved in marketing and distributing fresh, frozen and dry food, and non-food products to foodservice customers across the United States. The Company serves various customers, which include national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations.
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