Today, Analysts Set Performance Food Group Co. (PFGC) Target Price at $26.86

Today, Analysts Set Performance Food Group Co. (PFGC) Target Price at $26.86

Performance Food Group Co. (NYSE:PFGC) has received an average rating of “Buy” from the ten research firms that are presently covering the stock. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $27.00.

A number of analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Thursday, July 7th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Performance Food Group in a research report on Thursday, August 18th. Pivotal Research decreased their price objective on shares of Performance Food Group from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, August 18th. BMO Capital Markets initiated coverage on shares of Performance Food Group in a research report on Thursday. They issued an “outperform” rating and a $28.00 price objective for the company. Finally, Barclays PLC initiated coverage on shares of Performance Food Group in a research report on Friday, September 23rd. They issued an “overweight” rating and a $28.00 price objective for the company.

Performance Food Group (NYSE:PFGC) opened at 24.61 on Wednesday. Performance Food Group has a 52-week low of $20.00 and a 52-week high of $28.13. The company has a market capitalization of $2.54 billion and a price-to-earnings ratio of 35.16. The firm has a 50 day moving average of $24.85 and a 200-day moving average of $25.58.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, August 17th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by $0.02. Performance Food Group had a net margin of 0.42% and a return on equity of 13.78%. The firm earned $4.37 million during the quarter, compared to the consensus estimate of $398 million. During the same quarter in the prior year, the business posted $0.36 earnings per share. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Equities analysts expect that Performance Food Group will post $1.27 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the company. Jennison Associates LLC raised its position in Performance Food Group by 111.5% in the second quarter. Jennison Associates LLC now owns 3,579,053 shares of the company’s stock worth $96,312,000 after buying an additional 1,887,050 shares in the last quarter. Vanguard Group Inc. raised its position in Performance Food Group by 85.5% in the second quarter. Vanguard Group Inc. now owns 2,594,609 shares of the company’s stock valued at $69,821,000 after buying an additional 1,195,674 shares during the period. TimesSquare Capital Management LLC purchased a new position in Performance Food Group during the second quarter valued at $30,015,000. FMR LLC purchased a new position in Performance Food Group during the second quarter valued at $26,286,000. Finally, JPMorgan Chase & Co. raised its position in Performance Food Group by 58.4% in the second quarter. JPMorgan Chase & Co. now owns 2,352,764 shares of the company’s stock valued at $63,314,000 after buying an additional 867,120 shares during the period. 77.32% of the stock is owned by institutional investors.

Related posts

Leave a Comment