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In a report released today, Ajay Jain from Pivotal Research reiterated a Hold rating on US Food Holdings Corp (USFD), with a price target of $32. The company’s shares closed yesterday at $34.63.
Jain commented:
“We have greater conviction now that the FY20 three-year targets are overly aggressive (2-4% annual case growth, 4-6% sales growth, 8-10% adj. EBITDA growth). While we expect the FY20 guidance to be reset after the close of the SGA acquisition, the existing FY20 guidance assumes organic adj. EBITDA growth of around 7-9% over three years. We estimate that USFD is again set to deliver around 4-5% adj. EBITDA growth in FY19. Our estimates exclude the impact of SGA (now set to close in the 2Q19 timeframe).”
According to TipRanks.com, Jain is a 4-star analyst with an average return of 12.0% and a 58.3% success rate. Jain covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, Performance Food Group, and United Natural Foods.
The the analyst consensus on US Food Holdings Corp is currently a Hold rating.
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US Food Holdings Corp’s market cap is currently $7.53B and has a P/E ratio of 13.55. The company has a Price to Book ratio of 2.39.
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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.
