The Kraft Heinz Company (KHC) : Analyst Rating Update

The Kraft Heinz Company (KHC) has an average broker rating of 1.61, which is interpreted as a Buy, as rated by 14 equity analysts. Nonetheless, 9 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

The Kraft Heinz Company (KHC) : Currently there are 11 street experts covering The Kraft Heinz Company (KHC) stock. The most bullish and bearish price target for the stock is $98 and $83 respectively for the short term. The average price target of all the analysts comes to $90.46. The estimated standard deviation from the target is $4.13.

The Kraft Heinz Company (NASDAQ:KHC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $88.65 and $88.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $89.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $89.74, notching a gain of 1.13% for the day. The total traded volume was 3,331,672 . The stock had closed at $88.74 on the previous day.

Also, Argus Research initiates coverage on The Kraft Heinz Company (NASDAQ:KHC). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $91 per share. The rating by the firm was issued on April 27, 2016.

The Kraft Heinz Company, formerly H.J. Heinz Holding Corporation, is a food and beverage company. The Company provides taste and nutrition foods for all eating occasions. The Companys brands include Kraft, Heinz, ABC, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Maxwell House, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones and Velveeta.

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