Wells Fargo Starts The WhiteWave Foods Company (WWAV) at Outperform
Tweet Send to a FriendGet Alerts WWAV Hot Sheet
Price: $18.55 +4.10%
Rating Summary:
6 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
6 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade WWAV Now!
Wells Fargo initiates coverage on The WhiteWave Foods Company (NYSE: WWAV) with a Outperform and $17-$19 valuation range.
The firm comments, "Our 2012E, 2013E, and 2014E EPS are $0.59, $0.71, and $0.86. Following October 2012's partial initial public offering (IPO) from parent Dean Foods Co. (a 13% equity issuance), WhiteWave offers investors a unique vehicle for participation in the robust growth of health and wellness food products. In our view, WhiteWave is positioned for an enviable +9% sales compound annual growth rate (CAGR) through 2015 behind strong brands and dominant market share in on-trend categories. Mix shift, efficiencies, and debt reduction support our expected +19% EPS CAGR. We anticipate a taxfree spin of Dean's remaining interest to shareholders soon after lock-up expiration on April 25, 2013."
For an analyst ratings summary and ratings history on The WhiteWave Foods Company click here. For more ratings news on The WhiteWave Foods Company click here.
Shares of The WhiteWave Foods Company closed at $16.14 yesterday, with a 52 week range of $14.22-$19.17.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The firm comments, "Our 2012E, 2013E, and 2014E EPS are $0.59, $0.71, and $0.86. Following October 2012's partial initial public offering (IPO) from parent Dean Foods Co. (a 13% equity issuance), WhiteWave offers investors a unique vehicle for participation in the robust growth of health and wellness food products. In our view, WhiteWave is positioned for an enviable +9% sales compound annual growth rate (CAGR) through 2015 behind strong brands and dominant market share in on-trend categories. Mix shift, efficiencies, and debt reduction support our expected +19% EPS CAGR. We anticipate a taxfree spin of Dean's remaining interest to shareholders soon after lock-up expiration on April 25, 2013."
For an analyst ratings summary and ratings history on The WhiteWave Foods Company click here. For more ratings news on The WhiteWave Foods Company click here.
Shares of The WhiteWave Foods Company closed at $16.14 yesterday, with a 52 week range of $14.22-$19.17.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Dean Foods (DF) Completes WhiteWave (WWAV) Spin-Off
- Deutsche Bank Resumes CenterPoint Energy (CNP) at Hold
- WhiteWave (WWAV) Announces $150M Repurchase Plan
Create E-mail Alert Related Categories
New CoverageRelated Entities
Wells Fargo
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
