Dean Foods Company (NYSE:DF)‘s stock had its “underweight” rating restated by Morgan Stanley in a research note issued on Tuesday. They presently have a $15.00 target price on the stock, down from their previous target price of $18.00. Morgan Stanley’s price objective points to a potential downside of 3.23% from the stock’s current price.
Other research analysts also recently issued reports about the company. Wells Fargo & Company reiterated an “outperform” rating and set a $25.00 price objective (up from $24.50) on shares of Dean Foods in a report on Monday, May 15th. Zacks Investment Research upgraded Dean Foods from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub upgraded Dean Foods from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Credit Suisse Group reiterated an “underperform” rating and set a $14.00 price objective (down from $18.00) on shares of Dean Foods in a report on Wednesday, July 12th. Finally, ValuEngine downgraded Dean Foods from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $20.57.
Dean Foods (NYSE:DF) traded down 1.258% during trading on Tuesday, reaching $15.305. The company’s stock had a trading volume of 2,022,817 shares. The firm has a market cap of $1.39 billion, a P/E ratio of 19.799 and a beta of 0.56. The stock’s 50 day moving average is $18.15 and its 200-day moving average is $19.42. Dean Foods has a 52 week low of $14.80 and a 52 week high of $22.31.
Dean Foods (NYSE:DF) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.04. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.96 billion. Dean Foods had a return on equity of 19.34% and a net margin of 0.91%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 EPS. On average, equities research analysts forecast that Dean Foods will post $1.32 earnings per share for the current fiscal year.
WARNING: “Dean Foods’ (NYSE:DF) “Underweight” Rating Reiterated at Morgan Stanley” was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://stocknewstimes.com/2017/07/18/dean-foods-nysedf-underweight-rating-reiterated-at-morgan-stanley.html.
In other news, Director J Wayne Mailloux sold 3,033 shares of Dean Foods stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $19.31, for a total transaction of $58,567.23. Following the completion of the transaction, the director now directly owns 98,384 shares in the company, valued at approximately $1,899,795.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Sigma Planning Corp acquired a new position in shares of Dean Foods during the first quarter valued at approximately $207,000. Dalton Greiner Hartman Maher & Co. increased its position in shares of Dean Foods by 3.3% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 649,496 shares of the company’s stock valued at $12,769,000 after buying an additional 20,587 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Dean Foods by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 22,900 shares of the company’s stock valued at $450,000 after buying an additional 500 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Dean Foods during the first quarter valued at approximately $685,000. Finally, Parametrica Management Ltd acquired a new position in shares of Dean Foods during the first quarter valued at approximately $326,000.
Dean Foods Company Profile
Dean Foods Company is a food and beverage company. The Company processes and distributes fluid milk, and other dairy and dairy case products in the United States. It is engaged in manufacturing, marketing, selling and distributing a range of branded and private label dairy and dairy case products. It offers branded and private label dairy case products, including fluid milk, ice cream, cultured dairy products, creamers, ice cream mix and other dairy products to retailers, distributors, foodservice outlets, educational institutions and governmental entities across the United States.
Receive News & Ratings for Dean Foods Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dean Foods Company and related companies with MarketBeat.com's FREE daily email newsletter.
