Shares of Pinnacle Foods Inc (NYSE:PF) have been assigned an average recommendation of “Hold” from the sixteen research firms that are covering the company, Marketbeat reports. Thirteen research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $66.86.
A number of brokerages recently commented on PF. Zacks Investment Research downgraded shares of Pinnacle Foods from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Jefferies Financial Group downgraded shares of Pinnacle Foods from a “buy” rating to a “hold” rating and set a $68.00 price target for the company. in a report on Monday, October 15th. Piper Jaffray Companies downgraded shares of Pinnacle Foods from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $69.00 to $68.00 in a report on Monday, September 24th. Finally, ValuEngine raised shares of Pinnacle Foods from a “hold” rating to a “buy” rating in a report on Monday, October 8th.
Shares of PF remained flat at $$66.66 during midday trading on Thursday. Pinnacle Foods has a 12-month low of $52.25 and a 12-month high of $70.51.
Pinnacle Foods Company Profile
Pinnacle Foods Inc manufactures, markets, and distributes branded convenience food products in North America. It operates through four segments: Frozen, Grocery, Boulder, and Specialty. The Frozen segment offers frozen vegetables, frozen complete bagged meals, frozen prepared seafood, frozen and refrigerated bagels, frozen pizza, and full-calorie single-serve frozen dinners and entrées under the Birds Eye, Birds Eye Voila!, Van de Kamp's, Mrs.
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