UniFirst (NYSE:UNF) Stock Rating Upgraded by Wall Street Zen

UniFirst (NYSE:UNF - Get Free Report) was upgraded by analysts at Wall Street Zen to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other equities analysts have also recently issued reports on UNF. Zacks Research upgraded shares of UniFirst from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 22nd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of UniFirst in a report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, UniFirst currently has a consensus rating of "Moderate Buy" and an average target price of $246.67.

UniFirst Trading Down 2.4%

UNF stock opened at $235.78 on Friday. The stock's 50 day simple moving average is $259.01 and its 200 day simple moving average is $261.97. UniFirst has a 12-month low of $154.00 and a 12-month high of $306.67. The stock has a market capitalization of $4.27 billion, a PE ratio of 39.23 and a beta of 0.65.

UniFirst (NYSE:UNF - Get Free Report) last posted its earnings results on Wednesday, October 21st. The textile maker reported $1.90 EPS for the quarter, missing analysts' consensus estimates of $2.04 by ($0.14). UniFirst had a return on equity of 6.65% and a net margin of 4.34%. The business had revenue of $645.01 million during the quarter, compared to the consensus estimate of $634.40 million. During the same period in the previous year, the business posted $2.23 EPS. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. On average, research analysts predict that UniFirst will post 8.52 earnings per share for the current year.

Institutional Trading of UniFirst

Large investors have recently modified their holdings of the company. Abel Hall LLC lifted its position in shares of UniFirst by 5.5% during the 3rd quarter. Abel Hall LLC now owns 882 shares of the textile maker's stock valued at $221,000 after buying an additional 46 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in UniFirst by 1.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,212 shares of the textile maker's stock worth $805,000 after acquiring an additional 54 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in UniFirst in the 2nd quarter worth approximately $31,000. Heritage Family Offices LLP purchased a new stake in UniFirst in the 3rd quarter worth approximately $30,000. Finally, WINTON GROUP Ltd raised its stake in UniFirst by 22.5% during the 2nd quarter. WINTON GROUP Ltd now owns 980 shares of the textile maker's stock worth $259,000 after acquiring an additional 180 shares during the period. Institutional investors own 78.17% of the company's stock.

UniFirst Company Profile

UniFirst Corporation provides uniform rental and workplace services to businesses across a range of industries. Its programs include workwear selection, laundering, inspection, repair, and scheduled delivery, as well as sales of uniforms and related apparel. The company also supplies facility services such as floor mats, towels, restroom products, and first aid and safety supplies. Through specialized operations, UniFirst provides cleanroom garments and related services for businesses that require controlled environments.

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