Argus announced Kraft Heinz Company (NYSE:KHC), raising its target price to $96.00 today
- Updated: October 2, 2016
Boasting a price of $89.25, Kraft Heinz Company (NYSE:KHC) traded 1.06% higher on the day. With the last stock price close up 5.67% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Kraft Heinz Company has recorded a 50-day average of $88.85 and a two hundred day average of $84.71. Volume of trade was up over the average, with 2,499,174 shares of KHC changing hands over the typical 2,420,680
Kraft Heinz Company (NYSE:KHC) had its price target upped to $96.00 by Argus in a report released Wednesday September 28, 2016. The bumped up target suggests a possible upside of 0.08% from the company's most recent stock price close.
On 08/31/2016, Morgan Stanley released a statement for Kraft Heinz Company (NYSE:KHC) bumped up the target price from $97.00 to $100.00 that suggested an upside of 0.14%.
With a market capitalization of $0, Kraft Heinz Company has PE ratio of 65.62 with a one year low of $68.18 and a one year high of $90.54 .
A total of 14 brokerages have released a report on KHC. 3 brokers rating the stock a strong buy, eight brokerages rating the stock a buy, 3 equity analysts rating the company a hold, one firm rating the stock a underperform, and finally one broker rating the stock a sell with a average stock price target of $90.29.
Brief Synopsis On Kraft Heinz Company (NYSE:KHC)
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company's segments include the United States, Canada and Europe. The Company's remaining businesses are combined as Rest of World. The Rest of World consists of three segments: Asia Pacific; Latin America, and Russia, India, the Middle East and Africa (RIMEA). Its brands include Heinz, Kraft, Oscar Mayer, Planters, Philadelphia, Velveeta, Lunchables, Maxwell House, Capri Sun and Ore-Ida. The Company's products are sold through its own sales organizations and through independent brokers, agents and distributors to chain, wholesale, cooperative and independent grocery accounts, convenience stores, drug stores, value stores, bakeries, pharmacies, mass merchants, club stores, foodservice distributors and institutions.
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