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Deutsche Bank analyst Stephen Powers maintained a Buy rating on Kraft Heinz (KHC) today and set a price target of $45.00. The company’s shares closed last Wednesday at $41.37, close to its 52-week high of $41.47.
According to TipRanks.com, Powers is a 4-star analyst with an average return of 8.6% and a 69.6% success rate. Powers covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Mondelez International, and Constellation Brands.
Currently, the analyst consensus on Kraft Heinz is a Hold with an average price target of $39.50.
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Based on Kraft Heinz’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.94 billion and net profit of $1.03 billion. In comparison, last year the company earned revenue of $6.54 billion and had a net profit of $182 million.
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The Kraft Heinz Company is one of the world’s leading consumer packaged food and beverage companies. The company engages in manufacturing and marketing food and beverage products including condiments and sauces, dairy, meats, meals, refreshment beverages, coffee, and other grocery products.
