B&G Foods (BGS) 'Turning a Corner', RBC Capital Says
Get Alerts BGS Hot Sheet
Price: $11.44 -0.09%
Rating Summary:
4 Buy, 11 Hold, 4 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
4 Buy, 11 Hold, 4 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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RBC Capital analyst David Palmer reiterated an Outperform rating and $36 price target on B&G Foods (NYSE: BGS) saying the company is turning a corner.
Palmer commented, "We are reiterating our Outperform rating and above-consensus 2015 EPS for B&G based on attractive valuation, a line of sight on improvement over a challenging 2014, strong dividend yield and growing M&A upside."
The analyst highlighted:
- Expecting an in-line 1Q, with upside to consensus beginning in 2Q
- Free cash flow and dividend yield create compelling valuation story
- Downstream M&A consolidators may benefit from large food company portfolio repositioning.
For an analyst ratings summary and ratings history on B&G Foods click here. For more ratings news on B&G Foods click here.
Shares of B&G Foods closed at $28.85 yesterday.
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