3.40 % to Target, Citigroup Maintains ‘Neutral’ Rating on Kraft Heinz (NASDAQ:KHC) Shares Today

November 14, 2017 - By Winifred Garcia

 3.40 % to Target, Citigroup Maintains ‘Neutral’ Rating on Kraft Heinz (NASDAQ:KHC) Shares Today

Kraft Heinz (NASDAQ:KHC) Rating Reaffirmed

Equities researchers at Citigroup now has a $82 TP on Kraft Heinz (NASDAQ:KHC). Citigroup and their recent TP indicates a potential upside of 3.40 % from the company’s close price. The rating has been revealed in a research report on 2 November.

Kraft Heinz Co (NASDAQ:KHC) Ratings Coverage

Among 15 analysts covering Kraft Heinz (NASDAQ:KHC), 10 have Buy rating, 0 Sell and 5 Hold. Therefore 67% are positive. Kraft Heinz has $114 highest and $82 lowest target. $91.43’s average target is 15.30% above currents $79.3 stock price. Kraft Heinz had 38 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Wednesday, June 14 by BMO Capital Markets. The stock has “Outperform” rating by RBC Capital Markets on Tuesday, July 21. As per Wednesday, September 6, the company rating was maintained by BMO Capital Markets. On Thursday, November 2 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The stock of Kraft Heinz Co (NASDAQ:KHC) earned “Buy” rating by Stifel Nicolaus on Monday, August 14. The firm has “Outperform” rating given on Thursday, July 30 by Bernstein. The rating was maintained by Morgan Stanley with “Overweight” on Friday, November 3. Susquehanna maintained it with “Positive” rating and $114 target in Friday, August 26 report. As per Friday, October 13, the company rating was maintained by Morgan Stanley. Credit Suisse maintained the shares of KHC in report on Thursday, November 2 with “Buy” rating.

About 1.49 million shares traded. Kraft Heinz Co (NASDAQ:KHC) has risen 8.77% since November 14, 2016 and is uptrending. It has underperformed by 7.93% the S&P500.

Investors wait Kraft Heinz Co (NASDAQ:KHC) to report on February, 21. its quarterly earnings Wall Street analysts expect $0.95 earnings per share, up $0.04 or 4.40 % from last year’s $0.91 same quarter earnings. This translates into $1.16B profit for KHC giving the stock a 20.87 P/E. This is assuming the current $0.95 EPS is accurate. Kraft Heinz Co’s Wall Street analysts see 14.46 % EPS growth, taking into account the $0.83 EPS reproted in the previous quarter,

The Kraft Heinz Company is a food and beverage company. The company has market cap of $96.61 billion. The Firm is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. It has a 24.72 P/E ratio. The Company’s divisions include the United States, Canada and Europe.

More notable recent Kraft Heinz Co (NASDAQ:KHC) news were published by: Investorplace.com which released: “Kraft Heinz Co (KHC) a Sell on Lousy Earnings Visibility” on November 13, 2017, also Bloomberg.com with their article: “Kraft Heinz Sales Finally Grow, But Not Enough for Investors” published on November 01, 2017, Seekingalpha.com published: “Kraft Heinz: Maintain Your Shorts” on October 24, 2017. More interesting news about Kraft Heinz Co (NASDAQ:KHC) were released by: Reuters.com and their article: “Kraft Heinz restates cash flow statements for two quarters” published on November 06, 2017 as well as Law360.com‘s news article titled: “15 Minutes With Kraft Heinz Co.’s General Counsel” with publication date: November 13, 2017.

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