The Kraft Heinz Company (KHC) shares saw a recent bid of $92.73 and 2.47M shares have exchanged hands in the recent trading session, yielding a 0.15% gain over the past week. The stock price increased 0.57% or $-0.53 versus $92.20 at the end of the prior session. This change led market cap to move at $112.85B, putting the price -5.15% below the 52-week high and 16.36% above the 52-week low. The company’s stock has a normal trading capacity of 2.31M shares while the relative volume is 1.07.
To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $96.65 while $106.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $9.35 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $70.00, which would be decrease of about -25% of its current value. The mean target of $98.00 should be compared with the price when the stock was languishing around $79.69 a share. And it remains to be seen which target price KHC can achieve without sacrificing much as the company is holding a 10.46% gain for the past twelve months.
By historical standards, The Kraft Heinz Company remains a cheap stock. The company’s current price-earnings ratio amounts to 32.30 times earnings, above the average P/E ratio of 22.60 times earnings. For now, The Kraft Heinz Company is the toast of Wall Street as its ABR stands at 2.70 with 6 out of 16 analysts rating the stock a buy. Over the short term, some market observers may have noticed that The Kraft Heinz Company has a 0.91% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. The Kraft Heinz Company has far performed well this year, with the share price up 6.20% since January. Over the past 2 quarters, the stock is up 10.39%, compared with a gain of nearly 1.59% for 3 months and about 4.19% for the past 30 days.
Last time, the company shocked Wall Street by reporting EPS of $0.91, smashing the consensus of $0.88 per share. Revenue for the quarter also killed consensus, coming in at $6.86B, compared to the consensus of 6.74B. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $1.02. The company is expected to report EPS as high as $1.09 and as low as $0.95 per share. Similarly, full-year EPS forecasts have ranged between $3.52 and $4.00. The mean EPS estimate is $3.77. On the other side, sales forecasts for the current quarter are $6.86B. The stock is expected to report revenue as high as $7.01B and as low as $6.7B per share. Similarly, full-year sales forecasts have ranged between $26.21B and $27.05B. The mean revenue estimate is $26.59B.
Over the last 5 years, The Kraft Heinz Company has averaged a 24.30% YoY EPS growth rate. Analysts are expecting EPS estimate for next year reflect 8.95% growth rate.
Sell-side analysts also have something to say about this company. Piper Jaffray analysts stated on 25/05/2017 that they launched coverage on this stock with Neutral rating. Susquehanna had a markedly different take on 16/02/2017, proposing that The Kraft Heinz Company is now considered Neutral versus prior Positive rating. Deutsche Bank analysts stated on 15/02/2017 that they launched coverage on this stock with Buy rating. Citigroup raised its rating on The Kraft Heinz Company to Neutral on 11/01/2017 in a reversal from its prior Sell rating.