Pinnacle Foods Gets a Buy Rating from BMO Capital

By Ryan Adsit

BMO Capital analyst Kenneth Zaslow reiterated a Buy rating on Pinnacle Foods (NYSE: PF) yesterday and set a price target of $63. The company’s shares closed yesterday at $61.92.

According to TipRanks.com, Zaslow is a 5-star analyst with an average return of 13.3% and a 80.4% success rate. Zaslow covers the Consumer Goods sector, focusing on stocks such as Archer Daniels Midland, Mondelez International, and Monster Beverage Corp.

Pinnacle Foods has an analyst consensus of Strong Buy, with a price target consensus of $65.

Based on Pinnacle Foods’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $766 million and quarterly net profit of $22.93 million. In comparison, last year the company earned revenue of $754 million and had a net profit of $24.84 million.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock.

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Pinnacle Foods, Inc. engages in the provision of manufacturing, marketing, and distribution of branded food products in North America. It operates through the following segments: Frozen, Grocery, Boulder, and Specialty. The Frozen segment includes Hungry-Man frozen entrées; Van de Kamp’s and Mrs.