Pinnacle Foods (PF) : 4 brokerage houses believe that Pinnacle Foods (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 (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 (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): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.07 and $47.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.79, notching a gain of 1.29% for the day. The total traded volume was 2,183,905 . The stock had closed at $47.18 on the previous day.
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.