United Natural Foods (UNFI) Receives a Hold from Wells Fargo

By Carrie Williams

Wells Fargo analyst Edward Kelly maintained a Hold rating on United Natural Foods (UNFIResearch Report) today. The company’s shares closed yesterday at $19.73, close to its 52-week low of $19.41.

According to TipRanks.com, Kelly is a 4-star analyst with an average return of 6.1% and a 68.6% success rate. Kelly covers the Services sector, focusing on stocks such as Sprouts Farmers, Kroger Company, and Dollar Tree.

Currently, the analyst consensus on United Natural Foods is a Hold with an average price target of $28, which is a 41.9% upside from current levels. In a report issued on November 28, Cleveland Research also maintained a Hold rating on the stock.

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The company has a one-year high of $52.55 and a one-year low of $19.41. Currently, United Natural Foods has an average volume of 1.42M.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock.

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United Natural Foods, Inc. engages in the distribution of natural, organic, and specialty foods and non-food products. It operates through the Wholesale and Other segment. The Wholesale segment distributes nutritional supplements, personal care items and organic products. The Others segment includes the sale other activities of the firm.