Brokerages Set US Foods Holding Corp (NYSE:USFD) PT at $42.50

US Foods Holding Corp (NYSE:USFD) has been assigned an average rating of “Buy” from the ten brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $42.50.

A number of analysts recently commented on USFD shares. ValuEngine cut shares of US Foods from a “hold” rating to a “sell” rating in a research note on Tuesday, October 15th. Barclays lifted their target price on shares of US Foods from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 12th. Bank of America lifted their target price on shares of US Foods from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Buckingham Research lifted their target price on shares of US Foods from $48.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Finally, Zacks Investment Research upgraded shares of US Foods from a “hold” rating to a “strong-buy” rating and set a $47.00 target price for the company in a research note on Friday, October 11th.

NYSE USFD traded up $0.10 during trading on Thursday, reaching $39.64. 1,374,121 shares of the company’s stock traded hands, compared to its average volume of 2,069,180. US Foods has a 12-month low of $27.51 and a 12-month high of $43.10. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 1.90 and a beta of 0.49. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.37 and a quick ratio of 0.80. The company’s 50 day simple moving average is $41.04 and its two-hundred day simple moving average is $37.73.

US Foods (NYSE:USFD) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. US Foods had a net margin of 1.63% and a return on equity of 14.15%. The business had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.36 billion. During the same period last year, the business earned $0.57 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. Research analysts expect that US Foods will post 2.24 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Wace LLP lifted its stake in US Foods by 192.1% during the 2nd quarter. Marshall Wace LLP now owns 1,738,425 shares of the company’s stock valued at $62,166,000 after acquiring an additional 1,143,259 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in US Foods by 4.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,157,807 shares of the company’s stock valued at $41,404,000 after acquiring an additional 46,236 shares during the period. Comerica Bank lifted its stake in US Foods by 169.5% during the 2nd quarter. Comerica Bank now owns 33,525 shares of the company’s stock valued at $1,198,000 after acquiring an additional 21,084 shares during the period. Russell Investments Group Ltd. lifted its stake in US Foods by 13.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 343,319 shares of the company’s stock valued at $12,270,000 after acquiring an additional 39,852 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of US Foods by 128.8% during the 2nd quarter. Bank of Montreal Can now owns 322,303 shares of the company’s stock valued at $11,526,000 after purchasing an additional 181,427 shares in the last quarter. Institutional investors and hedge funds own 95.50% of the company’s stock.

About US Foods

US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. Its customers include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations.

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Analyst Recommendations for US Foods (NYSE:USFD)

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