Kraft Heinz (KHC) Receives a Hold from Barclays

Barclays analyst Andrew Lazar maintained a Hold rating on Kraft Heinz (KHC) on February 14 and set a price target of $30.00. The company’s shares closed last Monday at $27.33, close to its 52-week low of $24.86.

According to TipRanks.com, Lazar is a 4-star analyst with an average return of 8.9% and a 67.1% success rate. Lazar covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Lamb Weston Holdings, and TreeHouse Foods.

Kraft Heinz has an analyst consensus of Hold, with a price target consensus of $28.78, representing a 7.5% upside. In a report issued on February 13, Jefferies also reiterated a Hold rating on the stock with a price target.

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Kraft Heinz’s market cap is currently $33.37B and has a P/E ratio of 17.29. The company has a Price to Book ratio of 0.65.

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The Kraft Heinz Co. engages in the manufacture and market of food and beverage products. It operates through the following geographical segments: United States, Canada, EMEA, and Rest of the World. The Rest of the World segment is comprised of the Latin America and Asia Pacific segments.