The stock of AdvancePierre Foods Holdings Inc (NYSE:APFH) reached all time high today, Oct, 13 and still has $33.88 target or 20.00% above today’s $28.23 share price. This indicates more upside for the $2.20B company. This technical setup was reported by Barchart.com. If the $33.88 PT is reached, the company will be worth $440.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 253,414 shares traded hands. AdvancePierre Foods Holdings Inc (NYSE:APFH) has risen 6.00% since September 13, 2016 and is uptrending. It has underperformed by 1.52% the S&P500.
Analysts await AdvancePierre Foods Holdings Inc (NYSE:APFH) to report earnings on November, 9. APFH’s profit will be $31.17M for 17.64 P/E if the $0.40 EPS becomes a reality. After $0.37 actual earnings per share reported by AdvancePierre Foods Holdings Inc for the previous quarter, Wall Street now forecasts 8.11% EPS growth.
AdvancePierre Foods Holdings Inc (NYSE:APFH) Ratings Coverage
Out of 7 analysts covering AdvancePierre … (NYSE:APFH), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. AdvancePierre … has been the topic of 7 analyst reports since August 9, 2016 according to StockzIntelligence Inc. The stock of AdvancePierre Foods Holdings Inc (NYSE:APFH) earned “Buy” rating by Deutsche Bank on Tuesday, August 9. The firm earned “Outperform” rating on Tuesday, August 9 by BMO Capital Markets. Goldman Sachs initiated it with “Neutral” rating and $27 target price in Tuesday, August 9 report. On Tuesday, August 9 the stock rating was initiated by Morgan Stanley with “Overweight”. The firm has “Outperform” rating by Credit Suisse given on Tuesday, August 9. The firm has “Equal-Weight” rating given on Tuesday, August 9 by Barclays Capital. The firm has “Outperform” rating by Wells Fargo given on Monday, August 15.
According to Zacks Investment Research, “AdvancePierre Foods Holdings, Inc. is a producer and distributor of sandwiches, sandwich components, other entrees and snacks. The company serves foodservice, retail and convenience store. Its product consists of breakfast sandwiches, peanut butter and jelly sandwiches, hamburgers, fully cooked hamburger, chicken patties, Philly steaks, country-fried steak, stuffed entrÃ©es, chicken tenders and cinnamon dough bites. AdvancePierre Foods Holdings, Inc. is headquartered in Cincinnati, Ohio.”
More notable recent AdvancePierre Foods Holdings Inc (NYSE:APFH) news were published by: Businesswire.com which released: “AdvancePierre Foods Acquires Allied Specialty Foods, Inc.” on October 10, 2016, also Marketwatch.com with their article: “5 things to know about AdvancePierre Foods before it goes public” published on April 13, 2016, Marketwatch.com published: “AdvancePierre Foods stock jumps 11% on first day of trade” on July 15, 2016. More interesting news about AdvancePierre Foods Holdings Inc (NYSE:APFH) were released by: Fool.com and their article: “What Investors Need to Know About the AdvancePierre Foods Holdings IPO” published on July 13, 2016 as well as Businesswire.com‘s news article titled: “AdvancePierre Foods Announces Pricing of Initial Public Offering” with publication date: July 14, 2016.
APFH Company Profile
AdvancePierre Foods Holdings, Inc., formerly Pierre Foods Holding Corporation, is a producer and distributor of sandwiches, sandwich components, and other entrees and snacks. The Firm operates through divisions, including Foodservice, Retail, Convenience and Industrial. The Firm markets and distributes approximately 2,600 stock keeping units (SKUs) across various day parts in various product categories, including ready-to-eat sandwiches, such as breakfast sandwiches, peanut butter and jelly (PB&J) sandwiches and hamburgers; sandwich components, such as fully-cooked hamburger and chicken patties and Philly steaks, and other entrees and snacks, such as country fried steak, stuffed entrees, chicken tenders and cinnamon dough bites.
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