In a report released today, Akshay Jagdale from Jefferies maintained a Hold rating on Flowers Foods (FLO), with a price target of $19. The company’s shares closed yesterday at $19.88.
Jagdale observed:
“4Q operating results beat our/street estimates by 3%/5%, respectively, albeit off lowered expectations (4Q18 guidance was cut by 20% post 3Q). Similarly, preliminary 2019 EBIT guidance was set above our/street estimates by 2%/3%, respectively. Guidance implies ~1% organic sales growth and 30 bps margin expansion. Given the recent history of margin compression investors are likely to question FLO’s ability to expand margins in 2019.”
According to TipRanks.com, Jagdale is a 3-star analyst with an average return of 1.1% and a 48.5% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Lamb Weston Holdings, McCormick & Company, and Conagra Brands Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Flowers Foods with a $17.75 average price target.
See today’s analyst top recommended stocks >>
Based on Flowers Foods’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $39.63 million. In comparison, last year the company had a net profit of $78.53 million.
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.
Flowers Foods, Inc. engages in the manufacture and sale of bakery products. It operates through the Direct-Store-Delivery (DSD) and Warehouse Delivery segments. The DSD segment produces fresh breads, buns, rolls, tortillas, and cakes sold by a network of independent distributors to retail and foodservice customers.
