Susquehanna Bancshares Analysts Give TreeHouse Foods (THS) a $44.00 Price Target

TreeHouse Foods (NYSE:THS) has been given a $44.00 price objective by stock analysts at Susquehanna Bancshares in a research report issued on Monday. The firm currently has a “hold” rating on the stock. Susquehanna Bancshares’ price objective points to a potential upside of 5.97% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. JPMorgan Chase & Co. set a $39.00 price objective on shares of TreeHouse Foods and gave the stock a “sell” rating in a report on Wednesday, December 13th. Jefferies Group set a $100.00 price objective on shares of TreeHouse Foods and gave the stock a “buy” rating in a report on Sunday, October 29th. Wolfe Research started coverage on shares of TreeHouse Foods in a report on Monday, December 4th. They issued a “market perform” rating for the company. TheStreet downgraded shares of TreeHouse Foods from a “c-” rating to a “d+” rating in a report on Friday, November 10th. Finally, Vertical Group raised shares of TreeHouse Foods from a “hold” rating to a “buy” rating in a report on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. TreeHouse Foods has an average rating of “Hold” and a consensus price target of $55.83.

TreeHouse Foods (NYSE:THS) traded down $0.62 during trading on Monday, reaching $41.52. 127,697 shares of the company’s stock were exchanged, compared to its average volume of 759,673. The firm has a market capitalization of $2,411.05, a P/E ratio of -9.11, a PEG ratio of 2.34 and a beta of 0.42. The company has a current ratio of 2.16, a quick ratio of 0.81 and a debt-to-equity ratio of 1.01. TreeHouse Foods has a 1 year low of $40.26 and a 1 year high of $90.42.

TreeHouse Foods declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 2nd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

In other news, CEO Sam K. Reed sold 11,480 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $49.72, for a total transaction of $570,785.60. Following the completion of the transaction, the chief executive officer now owns 81,147 shares of the company’s stock, valued at $4,034,628.84. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Thomas Emmet Oneill III sold 2,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $45.32, for a total transaction of $90,640.00. Following the transaction, the vice president now directly owns 135,019 shares of the company’s stock, valued at approximately $6,119,061.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,440 shares of company stock valued at $1,680,850. Corporate insiders own 3.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of THS. Citigroup Inc. lifted its holdings in TreeHouse Foods by 120.6% in the second quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock worth $105,000 after purchasing an additional 703 shares during the period. Balter Liquid Alternatives LLC acquired a new stake in TreeHouse Foods in the fourth quarter worth about $174,000. State of Alaska Department of Revenue acquired a new stake in TreeHouse Foods in the fourth quarter worth about $197,000. ZWJ Investment Counsel Inc. acquired a new stake in TreeHouse Foods in the third quarter worth about $212,000. Finally, Zions Bancorporation acquired a new stake in TreeHouse Foods in the third quarter worth about $212,000.

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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.

Analyst Recommendations for TreeHouse Foods (NYSE:THS)

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