TD Cowen Cuts TreeHouse Foods (NYSE:THS) Price Target to $37.00

TreeHouse Foods (NYSE:THS - Get Free Report) had its price objective dropped by stock analysts at TD Cowen from $38.00 to $37.00 in a report released on Tuesday, Benzinga reports. The firm presently has a "hold" rating on the stock. TD Cowen's price target would suggest a potential upside of 4.18% from the stock's previous close.

THS has been the topic of a number of other research reports. Stifel Nicolaus lowered their price objective on TreeHouse Foods from $38.00 to $36.00 and set a "hold" rating on the stock in a report on Tuesday. Truist Financial downgraded TreeHouse Foods from a "buy" rating to a "hold" rating and lowered their price target for the company from $45.00 to $35.00 in a report on Tuesday, February 20th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $44.33.

TreeHouse Foods Stock Up 2.7 %

THS stock traded up $0.94 during midday trading on Tuesday, reaching $35.52. The company had a trading volume of 992,851 shares, compared to its average volume of 540,319. The company has a 50 day moving average of $37.04 and a two-hundred day moving average of $39.56. The company has a market capitalization of $1.91 billion, a P/E ratio of 37.19 and a beta of 0.35. TreeHouse Foods has a 1 year low of $33.28 and a 1 year high of $55.30. The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 0.84.

TreeHouse Foods (NYSE:THS - Get Free Report) last released its quarterly earnings data on Monday, May 6th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). The firm had revenue of $820.70 million during the quarter, compared to analyst estimates of $798.44 million. TreeHouse Foods had a return on equity of 8.09% and a net margin of 1.51%. The company's quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.68 EPS. On average, equities research analysts expect that TreeHouse Foods will post 2.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TreeHouse Foods

A number of institutional investors and hedge funds have recently bought and sold shares of THS. JANA Partners Management LP acquired a new stake in TreeHouse Foods in the 3rd quarter worth $213,877,000. UBS Group AG lifted its stake in shares of TreeHouse Foods by 701.4% in the fourth quarter. UBS Group AG now owns 571,535 shares of the company's stock valued at $23,690,000 after buying an additional 500,215 shares during the period. Armistice Capital LLC acquired a new stake in TreeHouse Foods during the third quarter worth about $19,173,000. Norges Bank bought a new position in TreeHouse Foods during the fourth quarter valued at about $13,547,000. Finally, New South Capital Management Inc. raised its holdings in TreeHouse Foods by 29.0% in the 1st quarter. New South Capital Management Inc. now owns 1,120,149 shares of the company's stock valued at $43,630,000 after acquiring an additional 251,886 shares in the last quarter. Institutional investors own 99.81% of the company's stock.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc manufactures and distributes private brands snacks and beverages in the United States and internationally. The company provides snacking products, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, and candies; and beverage and drink mixes, including non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.