In a report released today, Eric Larson from Buckingham maintained a Hold rating on Pinnacle Foods (NYSE: PF), with a price target of $68. The company’s shares closed yesterday at $65.59.
Larson has an average return of 16.5% when recommending Pinnacle Foods.
According to TipRanks.com, Larson is ranked #2020 out of 4840 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Pinnacle Foods with a $67.86 average price target.
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Based on Pinnacle Foods’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $56.91 million. In comparison, last year the company had a net profit of $18.67 million.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock.
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Pinnacle Foods, Inc. engages in the provision of manufacturing, marketing, and distribution of food products in North America. It operates through the following segments: Frozen, Grocery, Boulder, and Specialty. The Frozen segment includes Hungry-Man frozen entrées; Van de Kamp’s and Mrs.
