Pinnacle Foods Received its Third Buy in a Row

After Jefferies and William Blair assigned a Buy rating to Pinnacle Foods in the last month, the company received another Buy, this time from Deutsche Bank. Analyst Robert Dickerson maintained a Buy rating on Pinnacle Foods (NYSE: PF) today and set a price target of $66. The company’s shares closed yesterday at $60.82.

Dickerson has an average return of 8.5% when recommending Pinnacle Foods.

According to TipRanks.com, Dickerson is ranked #3478 out of 4773 analysts.

Currently, the analyst consensus on Pinnacle Foods is Strong Buy and the average price target is $65, representing a 6.9% upside.

In a report issued on April 19, Jefferies also maintained a Buy rating on the stock with a $67 price target.

Find more picks by Best Performing Analysts >>

Pinnacle Foods’ market cap is currently $7.24B and has a P/E ratio of 13.67. The company has a book value ratio of 3.0426.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PF in relation to earlier this year.

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.

Pinnacle Foods, Inc. engages in the provision of manufacturing, marketing, and distribution of branded 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.