The stock of TreeHouse Foods Inc. (NYSE:THS) hit a new 52-week low and has $62.18 target or 5.00% below today’s $65.45 share price. The 8 months bearish chart indicates high risk for the $3.75 billion company. The 1-year low was reported on Nov, 10 by Barchart.com. If the $62.18 price target is reached, the company will be worth $187.50M 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. The stock decreased 5.72% or $3.97 during the last trading session, hitting $65.45. About 1.78M shares traded hands or 90.50% up from the average. TreeHouse Foods Inc. (NYSE:THS) has declined 21.55% since April 8, 2016 and is downtrending. It has underperformed by 27.20% the S&P500.
TreeHouse Foods Inc. (NYSE:THS) Ratings Coverage
Out of 9 analysts covering Treehouse Foods (NYSE:THS), 5 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 56% are positive. Treehouse Foods has been the topic of 18 analyst reports since August 7, 2015 according to StockzIntelligence Inc. As per Thursday, November 3, the company rating was downgraded by SunTrust. The firm has “Overweight” rating by KeyBanc Capital Markets given on Thursday, May 26. The rating was upgraded by Bank of America on Friday, October 2 to “Buy”. The stock has “Equal-Weight” rating given by Stephens on Thursday, November 3. Credit Suisse maintained TreeHouse Foods Inc. (NYSE:THS) rating on Friday, August 7. Credit Suisse has “Neutral” rating and $77 price target. JP Morgan initiated the shares of THS in a report on Tuesday, February 9 with “Overweight” rating. Susquehanna initiated the shares of THS in a report on Monday, October 26 with “Positive” rating. The company was downgraded on Friday, November 6 by BMO Capital Markets. Jefferies initiated the stock with “Buy” rating in Wednesday, December 16 report. Stephens upgraded TreeHouse Foods Inc. (NYSE:THS) on Wednesday, August 26 to “Equal-Weight” rating.
According to Zacks Investment Research, “TreeHouse Foods is a food manufacturer servicing primarily the retail grocery and foodservice channels. Its products include pickles and related products; non-dairy powdered coffee creamer; and other food products including aseptic sauces, refrigerated salad dressings, and liquid non-dairy creamer.”
Insitutional Activity: The institutional sentiment decreased to 1.01 in 2016 Q2. Its down 1.42, from 2.43 in 2016Q1. The ratio worsened, as 29 funds sold all TreeHouse Foods Inc. shares owned while 97 reduced positions. 39 funds bought stakes while 88 increased positions. They now own 58.55 million shares or 2.37% less from 59.97 million shares in 2016Q1.
Eulav Asset Mngmt reported 15,100 shares or 0.09% of all its holdings. Blackrock Advisors Ltd Liability Corp accumulated 137,247 shares or 0.01% of the stock. Fifth Third State Bank last reported 1,023 shares in the company. Kingdon Cap Mgmt last reported 0.42% of its portfolio in the stock. California State Teachers Retirement System has 0.03% invested in the company for 118,230 shares. Huntington Comml Bank has 0% invested in the company for 992 shares. The Maryland-based Price T Rowe Assocs Md has invested 0.12% in TreeHouse Foods Inc. (NYSE:THS). Cambridge Investment Research Advisors Inc has 0.01% invested in the company for 6,711 shares. Robecosam Ag last reported 0.41% of its portfolio in the stock. Goldman Sachs Gru owns 3.56 million shares or 0.12% of their US portfolio. Ibm Retirement Fund holds 5,535 shares or 0.02% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has 1,567 shares for 0% of their US portfolio. Point72 Asset Management Limited Partnership, a Connecticut-based fund reported 422,100 shares. Legal General Gp Public Limited Liability has 0% invested in the company for 20,861 shares. Ig Investment Mgmt has 0.03% invested in the company for 77,800 shares.
Insider Transactions: Since May 16, 2016, the stock had 0 insider buys, and 4 selling transactions for $1.82 million net activity. The insider ONeill Thomas Emmet III sold $399,992. 5,700 shares were sold by Kahler Erik Thomas, worth $541,500. Another trade for 3,093 shares valued at $294,176 was sold by Sliva Christopher D.
More notable recent TreeHouse Foods Inc. (NYSE:THS) news were published by: Wsj.com which released: “TreeHouse Foods’ Shares Fall Amid Executive Shuffle” on November 03, 2016, also Prnewswire.com with their article: “TreeHouse Foods, Inc. Reports Third Quarter 2016 Results” published on November 03, 2016, Prnewswire.com published: “Johnson & Weaver, LLP Initiates Investigations of TreeHouse Foods, Inc …” on November 04, 2016. More interesting news about TreeHouse Foods Inc. (NYSE:THS) were released by: Businesswire.com and their article: “Glancy Prongay & Murray Investigates Claims on Behalf of TreeHouse Foods Inc …” published on November 04, 2016 as well as Prnewswire.com‘s news article titled: “Harwood Feffer LLP Announces Investigation of TreeHouse Foods, Inc.” with publication date: November 03, 2016.
THS Company Profile
TreeHouse Foods, Inc., incorporated on January 25, 2005, is a consumer packaged food and beverage manufacturing company. The Company’s divisions include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Firm makes a range of shelf stable, refrigerated and fresh products. The Company’s product categories include beverages, salad dressings, snacks, beverage enhancers, pickles, Mexican and other sauces, soup and infant feeding, cereals, dry dinners, aseptic products, jams and other products. The Firm offers its services to retail grocery, food away from home, and industrial and export customers. The Firm has approximately 20 manufacturing facilities across the United States and Canada. With its offering of packaging formats and flavor profiles, the Company also offers natural, organic and preservative-free ingredients in various categories. The Firm supplies to approximately 200 food retail clients in North America.
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