Stock Mover of the Day: A Reversal for AdvancePierre Foods Holdings Inc Is Not Near. The Stock Reaches 52-Week High Today

Stock Mover of the Day: A Reversal for AdvancePierre Foods Holdings Inc Is Not Near. The Stock Reaches 52 Week High Today

The stock of AdvancePierre Foods Holdings Inc (NYSE:APFH) hit a new 52-week high and has $38.84 target or 39.00% above today’s $27.94 share price. The 9 months bullish chart indicates low risk for the $2.18B company. The 1-year high was reported on Oct, 13 by Barchart.com. If the $38.84 price target is reached, the company will be worth $850.20M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 163,155 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 $31.21 million for 17.46 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. $29 is the highest target while $27 is the lowest. The $28 average target is 0.21% above today’s ($27.94) stock price. AdvancePierre … has been the topic of 7 analyst reports since August 9, 2016 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, August 9 by Deutsche Bank. The stock of AdvancePierre Foods Holdings Inc (NYSE:APFH) has “Equal-Weight” rating given on Tuesday, August 9 by Barclays Capital. The firm earned “Outperform” rating on Tuesday, August 9 by BMO Capital Markets. The stock of AdvancePierre Foods Holdings Inc (NYSE:APFH) has “Neutral” rating given on Tuesday, August 9 by Goldman Sachs. The company was initiated on Tuesday, August 9 by Credit Suisse. The firm has “Outperform” rating given on Monday, August 15 by Wells Fargo. Morgan Stanley initiated the stock with “Overweight” rating in Tuesday, August 9 report.

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 entrées, 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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