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Thursday, 18 April 2013

Kraft Foods Stock Rating Price Target

Kraft Foods Stock Rating Price Target : Kraft Foods (NASDAQ: KRFT)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued to investors on Wednesday, Stock Ratings Network.com reports. They currently have a $54.00 price target on the stock.


A number of other firms have also recently commented on KRFT. Analysts at Davenport downgraded shares of Kraft Foods from a “buy” rating to a “neutral” rating in a research note to investors on Monday. Separately, analysts at Wells Fargo initiated coverage on shares of Kraft Foods in a research note to investors on Wednesday, April 10th. They set a “market perform” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Kraft Foods from $46.00 to $48.00 in a research note to investors on Wednesday, April 3rd. They now have a “hold” rating on the stock.

Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $50.13.

Shares of Kraft Foods (NASDAQ: KRFT) traded down 2.37% during mid-day trading on Wednesday, hitting $50.27. Kraft Foods has a 52 week low of $42.00 and a 52 week high of $52.51. The stock’s 50-day moving average is currently $50.55. The company has a market cap of $29.829 billion and a P/E ratio of 18.72.

Kraft Foods (NASDAQ: KRFT) last announced its earnings results on Friday, February 15th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $0.09. The company had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.75 billion. The company’s quarterly revenue was down 10.7% on a year-over-year basis. Kraft Foods has set its FY13 guidance at ~$2.60 EPS. On average, analysts predict that Kraft Foods will post $2.78 earnings per share for the current fiscal year.

Kraft Foods Group, Inc. (NASDAQ: KRFT) operates food and beverage businesses in North America.

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