uploads///Kraft Heinzs  month Target Price and Recommendations

71% of Analysts Recommend ‘Buys’ on KHC before Its 2Q16 Results

Sushree Mohanty - Author

Aug. 1 2016, Updated 11:05 a.m. ET

Target prices

Kraft Heinz (KHC) will release its financial results for fiscal 2Q16 next week. In this article, we’ll discuss Wall Street analysts’ target prices for Kraft Heinz for the next 12 months prior its earnings results.

Results show that 71% of analysts rate Kraft Heinz as a “buy,” ~19% rate it as a “hold,” and 10% rate it as a “’sell.”

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Consensus rating for Kraft Heinz

The average broker target price for Kraft Heinz is $91.13. It has risen by 2% since its last quarter’s earnings release. This represents a 6% rise compared to its closing price of $85.63 on July 27, 2016.

Below are Kraft Heinz’s peers’ target prices and return potentials:

  • Campbell Soup Company (CPB) has a target price of $63.92 and a return potential of 4%.
  • ConAgra Foods (CAG) has a target price of $51.41 and a return potential of 12%.
  • J.M. Smucker Company (SJM) has a target price of $150.64 and has already beaten estimates by ~1%.

The First Trust Consumer Staples AlphaDEX ETF (FXG) invests 2.0% in Kraft Heinz, 2.5% in ConAgra Foods, and 3.7% in Campbell. The First Trust NASDAQ-100 Ex-Technology Sector ETF (QQXT) invests 1.5% of its portfolio in Kraft Heinz.

Recommendations for Kraft Heinz

Bernstein has given Kraft Heinz its highest target price of $106. This represents a 24% rise compared to the company’s closing price of $85.63 on July 27. Bernstein rates KHC as a “strong buy.”

Susquehanna Financial and Goldman Sachs have also given optimistic target prices of $98 each to Kraft Heinz. This target price is 14% higher than the company’s current trading price. They both rate the stock as a “strong buy.” Susquehanna Financial raised its price target for KHC from $93 to $98 after the company’s 1Q16 earnings release.

RBC Capital Markets, BMO Capital Markets, Barclays, Edward Jones, Consumer Edge Research, Argus Research, UBS, JPMorgan Chase, and Stifel also rate the stock as a “strong buy.” On the lower side, Consumer Edge Research has given a target price of $80 to Kraft Heinz. The company has already beaten this estimate as of July 27.


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