Kraft Heinz (NASDAQ:KHC) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, February 21st. Analysts expect Kraft Heinz to post earnings of $0.94 per share for the quarter.
KHC stock opened at $47.64 on Thursday. The company has a market cap of $57.87 billion, a PE ratio of 13.42, a PEG ratio of 2.32 and a beta of 0.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.57 and a current ratio of 1.00. Kraft Heinz has a one year low of $41.60 and a one year high of $72.78.
Several research firms recently weighed in on KHC. Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub downgraded shares of Kraft Heinz from a “sell” rating to a “strong sell” rating in a report on Thursday, February 7th. Deutsche Bank downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and dropped their target price for the company from $58.00 to $52.00 in a report on Tuesday, February 5th. Berenberg Bank set a $60.00 target price on shares of Kraft Heinz and gave the company a “buy” rating in a report on Tuesday, January 22nd. Finally, Guggenheim began coverage on shares of Kraft Heinz in a report on Tuesday, January 22nd. They issued a “neutral” rating for the company. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. Kraft Heinz has an average rating of “Hold” and a consensus price target of $64.43.
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About Kraft Heinz
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
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