.jpg "United Natural Foods (NASDAQ: UNFI)")
Pivotal Research analyst Ajay Jain reiterated a Sell rating on United Natural Foods (NASDAQ: UNFI) today and set a price target of $21. The company’s shares opened today at $31.42, close to its 52-week low of $28.25.
Jain said:
“We are lowering price target for UNFI to $21 (from $25). We are also reducing our FY19 EPS est. from $2.97 to $2.87 (well below the preliminary EPS guidance range of $3.48-$3.58). We are introducing a pro forma EPS est. of $3.66 for FY20.”
According to TipRanks.com, Jain is a 4-star analyst with an average return of 8.5% and a 54.4% success rate. Jain covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, Performance Food Group, and US Food Holdings Corp.
United Natural Foods has an analyst consensus of Hold, with a price target consensus of $38.67, representing a 23.1% upside. In a report issued on September 6, RBC Capital also maintained a Sell rating on the stock with a $36 price target.
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The company has a one-year high of $52.69 and a one-year low of $28.25. Currently, United Natural Foods has an average volume of 654.9K.
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United Natural Foods, Inc. engages in the distribution of natural, organic, and specialty foods and related products. It operates through the Wholesale and Other segments. The Wholesale segment distributes nutritional supplements, personal care items and organic products. The Others segment engages in other activities of the firm.
