Barclays Releases a Hold Rating on AdvancePierre FoodsBy Carrie Williams
In a report released yesterday, Andrew Lazar from Barclays maintained a Hold rating on AdvancePierre Foods (NYSE: APFH), with a price target of $33. The company’s shares opened today at $30.17, close to its 52-week high of $30.72.
According to TipRanks.com, Lazar is a 4-star analyst with an average return of 9.4% and a 65.8% success rate. Lazar covers the Consumer Goods sector, focusing on stocks such as Mondelez International, McCormick & Company, and Post Holdings Inc.
AdvancePierre Foods has an analyst consensus of Moderate Buy, with a price target consensus of $33.50.
The company has a one year high of $30.72 and a one year low of $22.99. Currently, AdvancePierre Foods has an average volume of 483.7K.
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AdvancePierre Foods Holdings, Inc. engages in the production and distribution of ready to eat sandwiches, sandwich components, and other entrees and snacks. It operates through the following segments: Foodservice, Retail, Convenience, and Industrial. The Foodservice segment includes national and regional distributors, who sell the firm’s products to restaurant operators, schools, healthcare providers, hospitality providers, the U.S. military, and grocery deli counters. The Retail segment serves an array of retail customers such as national and regional grocery chains, major warehouse club stores, mass retailers, and dollar stores. The Convenience segment supplies ready to eat sandwiches to vending providers. The Industrial segment consists of sales to other food producers under short term co-manufacturing agreements. Its brands include Barber Foods, Better Bakery, Big AZ, Fast Fixin’, Hot ‘n’ Ready, Landshire, PB Jamwich, Pierre, Smart Picks, Steak EZE, and The Pub. The company was founded on December 5, 2008 and is headquartered in Blue Ash, OH.