Barclays Raises Numbers on United Natural Foods (UNFI); Expect Continued Growth
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Price: $48.42 -0.33%
Rating Summary:
11 Buy, 21 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
11 Buy, 21 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays maintains an 'Equalweight' on United Natural Foods (NASDAQ: UNFI) price target raised from $38 to $40.
Analyst, Meredith Adler, said, "Once again, UNFI reported very healthy revenue growth, boosted in part by new business from Safeway which will cycle in October. We see the company growing at a faster pace than the industry in the future, especially if it can add more new business and penetrate existing customers more deeply."
"We are maintaining our 3Q12 EPS at $0.56 and raising our FY12 EPS by $0.01 to $1.90 to reflect the 2Q12 upside; updated FY12 guidance is $1.86-1.94." (Barclays keeps FY13 estimate at $2.11)
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 $44.24 yesterday.
Analyst, Meredith Adler, said, "Once again, UNFI reported very healthy revenue growth, boosted in part by new business from Safeway which will cycle in October. We see the company growing at a faster pace than the industry in the future, especially if it can add more new business and penetrate existing customers more deeply."
"We are maintaining our 3Q12 EPS at $0.56 and raising our FY12 EPS by $0.01 to $1.90 to reflect the 2Q12 upside; updated FY12 guidance is $1.86-1.94." (Barclays keeps FY13 estimate at $2.11)
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 $44.24 yesterday.
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