The stock of US Foods Holding Corp (NYSE:USFD) hit a new 52-week low and has $20.99 target or 7.00% below today’s $22.57 share price. The 5 months bearish chart indicates high risk for the $4.97 billion company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $20.99 price target is reached, the company will be worth $347.90 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 1.40M shares traded hands or 146.25% up from the average. US Foods Holding Corp (NYSE:USFD) has risen 6.00% since October 3, 2016 and is uptrending. It has outperformed by 3.48% the S&P500.
Analysts await US Foods Holding Corp (NYSE:USFD) to report earnings on November, 8. USFD’s profit will be $79.27M for 15.67 P/E if the $0.36 EPS becomes a reality. After $0.42 actual earnings per share reported by US Foods Holding Corp for the previous quarter, Wall Street now forecasts -14.29% negative EPS growth.
According to Zacks Investment Research, “US Foods Holding Corp. is a foodservice distributor. The company serves independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. US Foods Holding Corp. is headquartered in Rosemont, Ill.”
More notable recent US Foods Holding Corp (NYSE:USFD) news were published by: Wsj.com which released: “US Foods to Cut Jobs Amid Corporate Restructuring” on October 21, 2016, also Cnbc.com with their article: “Cramer: Know your IPOâ€”Why the hot US Foods IPO may not be worth an investment” published on June 01, 2016, Wsj.com published: “US Foods Prices IPO at $23 a Share” on May 25, 2016. More interesting news about US Foods Holding Corp (NYSE:USFD) were released by: Reuters.com and their article: “US Foods posts $13.4 million quarterly loss” published on August 09, 2016 as well as Marketwatch.com‘s news article titled: “5 things to know about US Foods before it goes public” with publication date: March 01, 2016.
USFD Company Profile
US Foods Holding Corp. is a holding company. The Company, through its subsidiary, US Foods, Inc. (USF), is involved in marketing and distributing fresh, frozen and dry food, and non-food products to foodservice clients across the United States. The Firm serves various customers, which include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations. The Firm operates a network of approximately 60 distribution facilities and a fleet of approximately 6,000 trucks.
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