Analysts maintain a neutral stance
General Mills’ (GIS) sales and EPS could fall in the upcoming quarter. Meanwhile, the trend is likely to continue at least in the near term as a decrease in consumer uptake and intense competition among retailers are expected to remain a drag, thus keeping analysts on the sidelines. Most of the analysts providing ratings on General Mills stock maintain a neutral outlook as industry-wide challenges limit the upside potential.
Rating summary and target price
Analysts maintain a consensus score of 3.1 on GIS stock on a scale of 1.0 to 5.0, where 1.0 denotes a “strong buy” and 5.0 means a “strong sell.” Moreover, 70.0% of the 20 analysts covering the stock have rated it a “hold,” 10.0% recommend a “buy,” and 20.0% maintained a “sell” rating. GIS stock closed at $55.29 on September 13, 2017, representing an upside of 2.6% to the analysts’ target price of $56.72 per share.
What analysts recommend for peers
The majority of analysts covering Conagra (CAG) and Kraft Heinz (KHC) stock maintain a positive outlook. As for Conagra Brands, 64.0% of the 14 analysts provided a “buy” rating, 22.0% recommended a “hold,” and 14.0% maintained a “sell” rating. Meanwhile, of the 19 analysts covering KHC stock, 74.0% recommended a “buy,” and 26.0% gave it a “hold” rating.
On the contrary, analysts have a neutral outlook on Kellogg (K) stock. 19.0% of the 21 analysts provided a “buy” rating, 67.0% recommend a “hold,” and 14.0% rated it a “sell.”