Susquehanna analyst Pablo Zuanic reiterated a Hold rating on TreeHouse Foods (NYSE: THS) today and set a price target of $46. The company’s shares closed yesterday at $52.73.
Zuanic noted:
“We agree THS’s base private brands business will likely see improvement under the leadership of new CEO Steve Oakland (ex SJM), and this is pretty much the market’s view if we go by the rally in the stock since its May trough of $36, and 20x CY19 EPS valuation (vs.”
According to TipRanks.com, Zuanic is a 4-star analyst with an average return of 6.2% and a 50.0% success rate. Zuanic covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners, Constellation Brands Inc, and Anheuser-Busch Inbev Sa.
The word on The Street in general, suggests a Hold analyst consensus rating for TreeHouse Foods with a $50.50 average price target.
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Based on TreeHouse Foods’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $20.1 million. In comparison, last year the company had a GAAP net loss of $34.2 million.
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TreeHouse Foods, Inc. is a food manufacturer servicing primarily in retail grocery and foodservice channels. Its products include non dairy powdered creamers and sweeteners; condensed, ready to serve, and powdered soups; refrigerated and shelf stable salad dressings and sauces; powdered drink mixes; single serve hot beverages; specialty teas; hot and cold cereals; macaroni and cheese, skillet dinners and other value added side dishes and salads; salsa and Mexican sauces; jams and pie fillings; pickles and related products; aseptic sauces; and liquid non dairy creamer. The company operates through three business segments: North American Retail Grocery, Food Away From Home and Industrial and Export. The North American Retail Grocery segment sells branded and private label products to customers within the United States and Canada. These products include non-dairy powdered creamers, condensed and ready to serve soups, broths and gravies, salad dressings and sauces, pickles and related products, Mexican sauces, jams and pie fillings, aseptic products, liquid non-dairy creamer, powdered drinks, hot cereals, macaroni and cheese and skillet dinners. The Food Away From Home segment sells non-dairy powdered creamers pickles and related products, Mexican sauces, refrigerated dressings, aseptic products and hot cereals to foodservice customers, including restaurant chains and food distribution companies, within the United States and Canada. The Industrial and Export segment includes co pack business and non dairy powdered creamer sales to industrial customers for use in industrial applications, including products for repackaging in portion control packages and for use as ingredients by other food manufacturers, pickles and related products, Mexican sauces, infant feeding products and refrigerated dressings. Export sales are primarily to industrial customers outside of North America. The company was founded on January 25, 2005 and is headquartered in Oak Brook, IL.
