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Kraft Heinz (NASDAQ:KHC) target price raised to $94.00, reported today by Piper Jaffray

Kraft Heinz (NASDAQ:KHC) had its stock price target increased to $94.00 by Piper Jaffray in an issued report announced 05/25/2017. The bumped up target suggests a potential upside of 0.02% from the company's most recent stock price close.

Boasting a price of $92.59, Kraft Heinz (NASDAQ:KHC) traded -0.52% lower on the day. With the last stock price close up -1.75% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. Kraft Heinz has recorded a 50-day average of $79.13 and a two hundred day average of $79.13. Volume of trade was up over the average, with 3,707,881 shares of KHC changing hands over the typical 3,302,670

Performance Chart

Kraft Heinz (NASDAQ:KHC)

With a total market value of $0, Kraft Heinz has price-earnings ratio of 24.92 with a one year low of $76.76 and a one year high of $97.77 .

A total of 14 equity analysts have released a ratings update on KHC. Three equity analysts rating the company a strong buy, eight equity analysts rating the company a buy, three equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $90.29.

Brief Synopsis About Kraft Heinz (NASDAQ: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 Latin America and Asia, Middle East and Africa (AMEA). The Company provides products for various occasions whether at home, in restaurants or on the go. The Company's brands include Heinz, Kraft, Oscar Mayer, Philadelphia, Planters, 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 and pharmacies.

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