Pinnacle Foods (NYSE:PF) : 4 brokerage houses believe that Pinnacle Foods (NYSE:PF) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Pinnacle Foods (NYSE:PF). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 2.
Pinnacle Foods (NYSE:PF) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $52 and the lowest price target forecast is $44. The average forecast of all the analysts is $48.25 and the expected standard deviation is $2.71.
For the current week, the company shares have a recommendation consensus of Buy.
Pinnacle Foods (NYSE:PF): stock turned positive on Tuesday. Though the stock opened at $43.83, the bulls momentum made the stock top out at $44.04 level for the day. The stock recorded a low of $43.45 and closed the trading day at $43.77, in the green by 0.99%. The total traded volume for the day was 1,307,232. The stock had closed at $43.34 in the previous days trading.
In an insider trading activity, The officer (EVP, Secretary, GC), of Pinnacle Foods Inc., Maggs Michael Kelley had unloaded 5,000 shares at $44 per share in a transaction on June 9, 2016. The total value of transaction was $220,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.