Trading Report: The Barclays PLC Reaffirms “Equal Weight” Rating for AdvancePierre Foods Holdings Inc (APFH)

The Barclays PLC Reaffirms “Equal Weight” Rating for AdvancePierre Foods Holdings Inc (APFH)

Barclays PLC reiterated their equal weight rating on shares of AdvancePierre Foods Holdings Inc (NASDAQ:APFH) in a research note issued to investors on Tuesday. Barclays PLC currently has a $27.00 price target on the stock.

Several other brokerages have also recently weighed in on APFH. Wells Fargo & Co. began coverage on AdvancePierre Foods Holdings in a research note on Monday, August 15th. They set an outperform rating on the stock. Credit Suisse Group AG began coverage on AdvancePierre Foods Holdings in a research note on Tuesday, August 9th. They set an outperform rating and a $29.00 price objective on the stock. Deutsche Bank AG began coverage on AdvancePierre Foods Holdings in a research note on Tuesday, August 9th. They set a buy rating and a $28.00 price objective on the stock. Morgan Stanley began coverage on AdvancePierre Foods Holdings in a research note on Tuesday, August 9th. They set an overweight rating and a $28.00 price objective on the stock. Finally, BMO Capital Markets began coverage on AdvancePierre Foods Holdings in a research note on Tuesday, August 9th. They set an outperform rating and a $29.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. AdvancePierre Foods Holdings presently has an average rating of Buy and a consensus target price of $28.00.

AdvancePierre Foods Holdings (NASDAQ:APFH) opened at 27.91 on Tuesday. AdvancePierre Foods Holdings has a 1-year low of $22.99 and a 1-year high of $28.32. The stock has a 50 day moving average price of $26.11 and a 200-day moving average price of $25.42. The stock has a market cap of $2.15 billion and a PE ratio of 17.58.

AdvancePierre Foods Holdings (NASDAQ:APFH) last posted its earnings results on Wednesday, August 10th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.16. The firm earned $370 million during the quarter, compared to analysts’ expectations of $391.90 million. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, equities analysts expect that AdvancePierre Foods Holdings will post $1.67 EPS for the current year.

The firm also recently announced a special dividend, which was paid on Wednesday, September 28th. Stockholders of record on Monday, August 29th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, August 25th.

In other news, Director Principal Opportunities Fu Ocm sold 8,630,190 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $21.00, for a total transaction of $181,233,990.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

AdvancePierre Foods Holdings Company Profile

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