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In a report released today, Ajay Jain from Pivotal Research maintained a Hold rating on US Food Holdings Corp (NYSE: USFD), with a price target of $33. The company’s shares opened today at $33.55.
Jain observed:
“We think the stock is fairly valued but valuation could drift lower if recent cost pressures persist into 2H18 or if sector valuations decline overall.”
According to TipRanks.com, Jain is a 2-star analyst with an average return of 1.7% and a 47.2% success rate. Jain covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, Performance Food Group, and United Natural Foods.
Currently, the analyst consensus on US Food Holdings Corp is Moderate Buy and the average price target is $37, representing a 10.3% upside.
In a report issued on May 1, RBC Capital also downgraded the stock to Hold with a $36 price target.
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US Food Holdings Corp’s market cap is currently $7.21B and has a P/E ratio of 16.98. The company has a Price to Book ratio of 2.62.
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock.
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.
US Foods Holding Corp. operates as a foodservice distributor. Its products include frozen and dry food and non-food products to foodservice customers throughout the U.S. The company offers services under brands Chef’s Line, del Pasado, Glenview Farms, Cattleman’s Selection, Cross Valley Farms, Harbor Banks, Hilltop Hearth, Devonshire, and Metro Deli.
