Flowers Foods (FLO) : 1 brokerage houses believe that Flowers Foods (FLO) 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 Flowers Foods (FLO). Zacks Investment Research suggests a Strong Sell with a rank of 5.The median of all the 5 Wall Street Analysts endorse the stock as a Hold with a rating of 2.6.
Flowers Foods (FLO) : The highest level Flowers Foods (FLO) is projected to reach is $20 for the short term and the lowest estimate is at $4. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $13.75 and the possibility the share price can swing is $6.85.
Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Jefferies maintains its rating on Flowers Foods (NYSE:FLO).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Jefferies lowers the new price target from $23 per share to $20 per share. The rating by the firm was issued on August 11, 2016.
Flowers Foods (NYSE:FLO): The stock opened at $14.93 and touched an intraday high of $15.045 on Wednesday. During the day, the stock corrected to an intraday low of $14.84, however, the bulls stepped in and pushed the price higher to close in the green at $15.02 with a gain of 0.94% for the day. The total traded volume for the day was 1,824,694. The stock had closed at $14.88 in the previous trading session.
Flowers Foods, Inc. (Flowers) is a producer and marketer of a line of bakery products on a national and super-regional basis. The Company operates in two segments: a direct-store-delivery segment (DSD Segment) and a warehouse delivery segment (Warehouse Segment). The DSD Segment operates 38 bakeries that market a variety of fresh bakery foods, including breads, buns, rolls, tortillas and snack cakes. The Warehouse Segment produces frozen bread and rolls, and snack products. It operates eight bakeries that produce snack cakes, breads and rolls for national retail, foodservice, vending, and co-pack customers, which are delivered through customers warehouse channels and one bakery mix plant. The company operates 46 bakeries, of which 44 are owned and two are leased, and one mix plant.