Performance Food Group (PFGC) Receives a Buy from Wells Fargo


In a report released yesterday, Edward Kelly from Wells Fargo maintained a Buy rating on Performance Food Group (NYSE: PFGC). The company’s shares closed yesterday at $33.60.

According to TipRanks.com, Kelly is a 4-star analyst with an average return of 7.7% and a 71.6% success rate. Kelly covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, US Food Holdings Corp, and United Natural Foods.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Performance Food Group with a $41 average price target, implying a 22.0% upside from current levels. In a report released yesterday, Loop Capital Markets also reiterated a Buy rating on the stock with a $42 price target.

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Performance Food Group’s market cap is currently $3.45B and has a P/E ratio of 20. The company has a Price to Book ratio of 3.25.

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.

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