BMO Capital analyst Kelly Bania maintained a Hold rating on United Natural Foods (NASDAQ: UNFI) today and set a price target of $41. The company’s shares closed yesterday at $39.58.
According to TipRanks.com, Bania is a 1-star analyst with an average return of -3.1% and a 52.1% success rate. Bania covers the Services sector, focusing on stocks such as Core-Mark Holding Company, US Food Holdings Corp, and The Chefs’ Warehouse.
Currently, the analyst consensus on United Natural Foods is Hold and the average price target is $46.25, representing a 16.9% upside.
In a report released yesterday, Stephens also maintained a Hold rating on the stock with a $43 price target.
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Based on United Natural Foods’ latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $51.89 million. In comparison, last year the company had a net profit of $36.59 million.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of UNFI in relation to earlier this year. Most recently, in March 2018, James Heffernan, a Director at UNFI bought 3,990 shares for a total of $97,915.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
United Natural Foods, Inc. engages in the distribution of natural, organic, and specialty foods and related products. It operates through the Wholesale and Other segments. The Wholesale segment distributes nutritional supplements, personal care items and organic products. The Others segment engages in other activities of the firm.
