United Natural Foods Stock Rating Lowered by Argus (UNFI)

Argus cut shares of United Natural Foods (NASDAQ: UNFI) from a buy rating to a hold rating in a research note issued to investors on Thursday. The analysts noted that the move was a valuation call.

A number of other analysts have also recently weighed in on UNFI. Analysts at Zacks reiterated a neutral rating on shares of United Natural Foods in a research note to investors on Friday, March 1st. They now have a $53.00 price target on the stock. Separately, analysts at Goldman Sachs cut their price target on shares of United Natural Foods from $58.00 to $51.00 in a research note to investors on Wednesday, February 27th. They now have a neutral rating on the stock. Finally, analysts at BMO Capital Markets reiterated an outperform rating on shares of United Natural Foods in a research note to investors on Wednesday, February 27th. They now have a $70.00 price target on the stock.

Seven equities research analysts have rated the stock with a buy rating, one has issued an overweight rating, eight have given a hold rating, and one has given a sell rating to the company’s stock. United Natural Foods has an average rating of overweight and a consensus target price of $57.86.

Shares of United Natural Foods opened at 49.67 on Thursday. United Natural Foods has a one year low of $44.67 and a one year high of $61.26. The stock’s 50-day moving average is currently $52.71. The company has a market cap of $2.449 billion and a P/E ratio of 24.98.

United Natural Foods, Inc. is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada.

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