.jpg "B&G Foods (NYSE: BGS)")
In a report released yesterday, Robert Moskow from Credit Suisse maintained a Hold rating on B&G Foods (NYSE: BGS), with a price target of $21. The company’s shares closed yesterday at $24.95, close to its 52-week low of $22.35.
According to TipRanks.com, Moskow is a 3-star analyst with an average return of 1.7% and a 49.7% success rate. Moskow covers the Consumer Goods sector, focusing on stocks such as Mondelez International, TreeHouse Foods, and Pinnacle Foods.
B&G Foods has an analyst consensus of Moderate Buy, with a price target consensus of $31.25.
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Based on B&G Foods’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $432 million and quarterly net profit of $20.55 million. In comparison, last year the company earned revenue of $418 million and had a net profit of $32.76 million.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is neutral on the stock.
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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.
