Treehouse Foods, Inc. (THS) PT Set at $74.00 by Susquehanna Bancshares Inc

Treehouse Foods, Inc. (NYSE:THS) has been assigned a $74.00 price objective by Susquehanna Bancshares Inc in a report released on Monday. The brokerage currently has a “hold” rating on the stock. Susquehanna Bancshares Inc’s price objective would indicate a potential upside of 11.80% from the stock’s previous close.

A number of other brokerages also recently commented on THS. Zacks Investment Research downgraded shares of Treehouse Foods from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Vertical Research cut shares of Treehouse Foods from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. BidaskClub cut shares of Treehouse Foods from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. UBS AG lowered shares of Treehouse Foods from a “positive” rating to a “neutral” rating in a report on Friday, August 4th. Finally, Barclays PLC cut their price objective on shares of Treehouse Foods from $90.00 to $84.00 and set an “overweight” rating on the stock in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $80.26.

Treehouse Foods (NYSE:THS) opened at 66.19 on Monday. The stock’s 50 day moving average is $67.39 and its 200-day moving average is $75.60. The company’s market capitalization is $3.79 billion. Treehouse Foods has a 1-year low of $62.64 and a 1-year high of $90.42.

Treehouse Foods (NYSE:THS) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.54%. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. Treehouse Foods’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, analysts expect that Treehouse Foods will post $3.18 earnings per share for the current fiscal year.

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In other Treehouse Foods news, CEO Sam K. Reed sold 11,480 shares of Treehouse Foods stock in a transaction on Monday, October 9th. The shares were sold at an average price of $67.58, for a total value of $775,818.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.50% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Public Employees Retirement Association of Colorado lifted its stake in Treehouse Foods by 4.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 600,140 shares of the company’s stock valued at $40,647,000 after buying an additional 25,300 shares during the last quarter. NJ State Employees Deferred Compensation Plan lifted its stake in Treehouse Foods by 33.3% in the third quarter. NJ State Employees Deferred Compensation Plan now owns 12,000 shares of the company’s stock valued at $813,000 after buying an additional 3,000 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Treehouse Foods by 616.9% in the third quarter. Victory Capital Management Inc. now owns 3,273,871 shares of the company’s stock valued at $221,740,000 after buying an additional 2,817,230 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in Treehouse Foods in the third quarter valued at $569,000. Finally, Baldwin Brothers Inc. MA bought a new stake in Treehouse Foods in the third quarter valued at $1,452,000.

Treehouse Foods Company Profile

TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturer. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Company manufactures a range of shelf stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad dressings, snack nuts, beverage enhancers, pickles, sauces, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.

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