Pinnacle Foods (NYSE:PF) shares are expected to touch $48.25 in the short term. This short term price target has been shared by 8 analysts. However, the standard deviation of short term price estimate has been valued at 2.71. The target price could hit $52 on the higher end and $44 on the lower end.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Buckingham Research upgrades its rating on Pinnacle Foods (NYSE:PF). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at Buckingham Research raises the price target from $46 per share to $50 per share. The rating by the firm was issued on March 2, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, Maggs Michael Kelley, officer (EVP, Secretary, GC) of Pinnacle Foods Inc., unloaded 5,000 shares at an average price of $44 on June 9, 2016. The total amount of the transaction was worth $220,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Pinnacle Foods (NYSE:PF) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.61 points or 1.39% at $43.37 with 1,006,636 shares getting traded. Post opening the session at $43.58, the shares hit an intraday low of $43.34 and an intraday high of $44.01 and the price was in this range throughout the day. The company has a market cap of $5,067 million and the number of outstanding shares have been calculated to be 116,827,778 shares. The 52-week high of Pinnacle Foods (NYSE:PF) is $48.13 and the 52-week low is $38.32.
Pinnacle Foods Inc. is a manufacturer, marketer and distributor of food products in North America. The Companys products are sold through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, drug stores and warehouse clubs in the United States and Canada, as well as in military channels and foodservice locations. The Company operates through three segments: the Birds Eye Frozen segment, the Duncan Hines Grocery segment and the Specialty Foods segment. The Birds Eye Frozen segment and the Duncan Hines Grocery segment, which collectively represent its North America Retail operations, include Birds Eye, Birds Eye Voila!, Van de Kamps, Mrs. Pauls, Lenders, Celeste, Hungry-Man and Aunt Jemima brands. The Duncan Hines Grocery Segment includes Duncan Hines, Vlasic, Log Cabin, Armour, Brooks and, Nalley brand among others. Specialty Foods Segment consists of Snack Products and Foodservice and Private Label.