.jpg "B&G Foods (NYSE: BGS)")
In a report released yesterday, Andrew Lazar from Barclays maintained a Hold rating on B&G Foods (BGS), with a price target of $23. The company’s shares closed yesterday at $24.28.
According to TipRanks.com, Lazar is a 4-star analyst with an average return of 7.1% and a 65.4% success rate. Lazar covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Lamb Weston Holdings, and McCormick & Company.
B&G Foods has an analyst consensus of Moderate Buy, with a price target consensus of $27.64, which is a 13.8% upside from current levels. In a report released yesterday, Buckingham also downgraded the stock to Hold with a $23 price target.
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Based on B&G Foods’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $112 million. In comparison, last year the company had a net profit of $130 million.
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B&G Foods, Inc. engages in the manufacture, sell, and distribution of shelf-stable foods and household products. Its products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, and wine vinegar.
