General Mills (GIS) PT Set at $60.00 by Credit Suisse Group

General Mills (NYSE:GIS) has been given a $60.00 price objective by investment analysts at Credit Suisse Group in a report issued on Thursday. The brokerage presently has a “hold” rating on the stock. Credit Suisse Group’s price objective points to a potential downside of 0.22% from the stock’s current price.

A number of other equities analysts have also weighed in on GIS. Edward Jones restated a “hold” rating on shares of General Mills in a report on Wednesday. Susquehanna Bancshares set a $60.00 price objective on shares of General Mills and gave the stock a “hold” rating in a report on Tuesday. Zacks Investment Research upgraded shares of General Mills from a “sell” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets reiterated a “market perform” rating and set a $57.00 target price (down from $60.00) on shares of General Mills in a research note on Thursday, September 21st. Finally, Piper Jaffray Companies reiterated a “sell” rating and set a $53.00 target price on shares of General Mills in a research note on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $57.52.

General Mills (GIS) opened at $60.13 on Thursday. General Mills has a 1-year low of $49.65 and a 1-year high of $63.73. The firm has a market cap of $33,437.01, a P/E ratio of 22.03, a P/E/G ratio of 2.17 and a beta of 0.66. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.81 and a quick ratio of 0.47.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.82. General Mills had a net margin of 10.29% and a return on equity of 38.89%. The company had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the business earned $0.85 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. analysts anticipate that General Mills will post 3.12 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Lenox Wealth Management Inc. boosted its holdings in shares of General Mills by 0.3% during the 2nd quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock valued at $180,000 after purchasing an additional 11 shares during the last quarter. Lenox Wealth Advisors Inc. raised its position in shares of General Mills by 0.8% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 1,833 shares of the company’s stock valued at $102,000 after buying an additional 15 shares in the last quarter. LLBH Private Wealth Management LLC raised its position in shares of General Mills by 0.6% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 4,343 shares of the company’s stock valued at $241,000 after buying an additional 25 shares in the last quarter. Davis R M Inc. raised its position in shares of General Mills by 0.8% during the 2nd quarter. Davis R M Inc. now owns 4,197 shares of the company’s stock valued at $233,000 after buying an additional 34 shares in the last quarter. Finally, CFO4Life Group LLC raised its position in shares of General Mills by 1.3% during the 2nd quarter. CFO4Life Group LLC now owns 3,827 shares of the company’s stock valued at $212,000 after buying an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 72.62% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “General Mills (GIS) PT Set at $60.00 by Credit Suisse Group” was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://www.com-unik.info/2017/12/23/general-mills-gis-pt-set-at-60-00-by-credit-suisse-group.html.

About General Mills

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.

Analyst Recommendations for General Mills (NYSE:GIS)

Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit