H.J. Heinz Company Receives “Buy” Rating from TheStreet (HNZ)
H.J. Heinz Company (NYSE: HNZ)‘s stock had its “buy” rating reiterated by equities research analysts at TheStreet in a research note issued to investors on Tuesday.
The analysts wrote, “HJ Heinz Company (HNZ) has been reiterated by TheStreet Ratings as a buy with a ratings score of A+ . The company’s strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
A number of other analysts have also recently weighed in on HNZ. Analysts at Citigroup downgraded shares of H.J. Heinz Company from a “buy” rating to a “neutral” rating in a research note to investors on Monday, February 25th. They now have a $72.50 price target on the stock, up previously from $62.00. Separately, analysts at S&P Equity Research raised their price target on shares of H.J. Heinz Company from $62.00 to $72.00 in a research note to investors on Tuesday, February 19th. They now have a “hold” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of H.J. Heinz Company in a research note to investors on Monday, February 18th. They now have a $76.00 price target on the stock.
Shares of H.J. Heinz Company remained flat at $72.51 during during mid-day trading trading on Tuesday. H.J. Heinz Company has a 52 week low of $51.91 and a 52 week high of $72.70. The stock’s 50-day moving average is currently $66.54. The company has a market cap of $23.250 billion and a P/E ratio of 23.63.
H.J. Heinz Company last released its earnings data on Thursday, February 21st. The company reported $0.95 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.90 by $0.05. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts predict that H.J. Heinz Company will post $3.56 earnings per share for the current fiscal year.
H. J. Heinz Company together with its subsidiaries is engaged in manufacturing and marketing a range of food products throughout the world.
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