RBC Capital Raises Price Target on United Natural Foods (UNFI) to $34 Following 4Q Report

September 14, 2016 6:55 AM EDT
Get Alerts UNFI Hot Sheet
Price: $46.28 -0.02%

Rating Summary:
    5 Buy, 18 Hold, 5 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 21 | Down: 36 | New: 11
Trade UNFI Now!
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.

RBC Capital reiterated a Sector Perform rating on United Natural Foods (NASDAQ: UNFI), and raised the price target to $34.00 (from $33.00), following the company's 4Q earnings report. UNFI reported adjusted EPS of $0.70 on $2.21bn of revenue, ahead of the consensus estimates of $0.63 and 2.22bn, respectively. Management guided 2017 net sales to $9.43–9.60bn and GAAP EPS of $2.53–2.63.

Analyst William Kirk commented, "Considering the strong accretion that helped UNFI to beat the quarter, we consider FY17 EPS guidance to be a bit disappointing. Net sales guidance beat estimates, but we believe that was largely the function of poor modeling efforts. Until capacity utilization improves (likely through margin investment), we remain on the sidelines. We reiterate our Sector Perform rating and adjust our price target to $34 from $33."

For an analyst ratings summary and ratings history on United Natural Foods click here. For more ratings news on United Natural Foods click here.

Shares of United Natural Foods closed at $41.16 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

RBC Capital, Earnings

Add Your Comment