The biggest gainers of the session on the Wall Street include US Foods Holding Corp. (NYSE:USFD), which rose 2.41 points or 14.26% to trade at $19.35 as last check. The stock closed last session at $16.94 and sets an active trading volume day with a reported 2702074 contracts so far this session. USFD shares had a relatively better volume day versus average trading capacity of 2.77 million shares, but with a 0 million float and a 74.28% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for USFD stock indicates that the average analyst price target is $45.17 per share. This means the stock has a potential increase of 133.44% from where the USFD share price has been trading recently.
During the recent trading session for US Foods Holding Corp. (NYSE:USFD), the company witnessed their stock rise $6.29 over a week and tumble down $-15.28 from the price 20 days ago. When compared to their established 52-week high of $43.1, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 12/09/19. The recent low of $8.32 stood for a -55.09% since 03/18/20, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.92 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for US Foods Holding Corp., the two-week RSI stands at 39.25. This figure suggests that USFD stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current USFD readings is similarly very revealing as it has a stochastic reading of 37.56% at this stage. This figure means that USFD share price today is being neutral.
Technical chart claims that US Foods Holding Corp. (USFD) would settle between $17.89/share to $18.84/share level. However, if the stock price goes below the $15.3 mark, then the market for US Foods Holding Corp. becomes much weaker. If that happens, the stock price might even plunge as low as $13.66 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 2.96. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at BofA/Merrill lifted target price for shares of USFD but were stick to Buy recommendation for the stock in their opinion released on October 03. The price target has been raised from $44 to $50. Pivotal Research Group analysts again handed out a Hold recommendation to US Foods Holding Corp. (NYSE:USFD) stock but they lifted target price for the shares in a flash note issued to investors on May 09. The target price has been raised from $32 to $38. Analysts at Buckingham Research released an upgrade from Neutral to Buy for the stock, in a research note that dated back to May 08.
USFD equity has an average rating of 1.8, with the figure leaning towards a bullish end. 7 analysts who tracked the company were contacted by Reuters. Amongst them, 2 rated the stock as a hold while the remaining 5 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 5 analysts rated US Foods Holding Corp. (NYSE:USFD) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, USFD stock price is currently trading at 5.74X forward 12-month Consensus EPS estimates, and its P/E ratio is 9.7 while for the average stock in the same group, the multiple is 15.6. US Foods Holding Corp. current P/B ratio of 1 means it is trading at a discount against its industry’s 2.9.
US Foods Holding Corp. (USFD)’s current-quarter revenues are projected to climb by nearly 15.3% to hit $6.85 billion, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 10.2% from $25.94 billion to a noteworthy $28.59 billion. At the other end of the current quarter income statement, US Foods Holding Corp. is expected to see its adjusted earnings surge by roughly 5% to hit $0.42 per share. For the fiscal year, USFD’s earnings are projected to climb by roughly 5.9% to hit $2.52 per share.