In a report issued on August 15, Christopher Mandeville from Jefferies reiterated a Hold rating on Performance Food Group (NYSE: PFGC), with a price target of $36. The company’s shares opened today at $33.75.
According to TipRanks.com, Mandeville is a 3-star analyst with an average return of 7.2% and a 62.8% success rate. Mandeville covers the Services sector, focusing on stocks such as Core-Mark Holding Company, US Food Holdings Corp, and The Chefs’ Warehouse.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Performance Food Group with a $39 average price target, a 15.6% upside from current levels. In a report released yesterday, Pivotal Research also reiterated a Hold rating on the stock with a $31 price target.
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Based on Performance Food Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $64.4 million. In comparison, last year the company had a net profit of $40.4 million.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock.
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Performance Food Group Co. engages in the market and distribution of food products. It operates its business through the following segments: Performance Foodservice; PFG Customized; Vistar; and Corporate and All Other.
