United Natural Foods (NASDAQ: UNFI) was downgraded by investment analysts at Argus from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
Shares of United Natural Foods opened at 49.58 on Thursday. United Natural Foods has a one year low of $44.67 and a one year high of $61.26. The stock’s 50-day moving average is currently $52.87. The company has a market cap of $2.444 billion and a P/E ratio of 24.94.
United Natural Foods last posted its quarterly earnings results on Tuesday, February 26th. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.50 by $0.04. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. United Natural Foods has set its FY13 guidance at $2.15-2.21 EPS. On average, analysts predict that United Natural Foods will post $2.19 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of United Natural Foods in a research note to investors on Friday, March 1st. They now have a $53.00 price target on the stock. Separately, analysts at Goldman Sachs cut their price target on shares of United Natural Foods from $58.00 to $51.00 in a research note to investors on Wednesday, February 27th. They now have a “neutral” rating on the stock. Finally, analysts at BMO Capital Markets reiterated an “outperform” rating on shares of United Natural Foods in a research note to investors on Wednesday, February 27th. They now have a $70.00 price target on the stock.
Eight investment analysts have rated the stock with a buy rating, one has assigned an overweight rating, seven have assigned a hold rating, and one has given a sell rating to the stock. The stock currently has a consensus rating of “overweight” and an average target price of $57.86.
United Natural Foods, Inc. is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada.
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