BMO Capital Remains Sidelined as United Natural Foods (UNFI) Continues to Evolve
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Rating Summary:
8 Buy, 23 Hold, 7 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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BMO Capital reiterated a Market Perform rating and $32.00 price target on United Natural Foods (NASDAQ: UNFI) following the company's 2Q earnings report. UNFI reported EPS of $0.49, compared to BMO's $0.48 estimate. UNFI continues to evolve with, both the announcement of a new operating structure to become more regionally structured with its sales organization with Pacific, and Central & Atlantic regions with territory managers now selling the complete suite of available products offered in that region.
Analyst Kelly Bania commented, "UNFI reported F2Q16 EPS of $0.49 (25% YoY), at the high end of pre-announced (2/29) ranges and vs our $0.48 estimate with a slightly lower interestexpense vs our model. F16 guidance was essentially unchanged (FCF slightlyhigher) despite the announcement of the acquisition of Global Organics."
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 $36.26 yesterday.
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