Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Kraft Heinz (KHC) Share Price
News stories about Kraft Heinz (NASDAQ:KHC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kraft Heinz earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.1476348565315 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Kraft Heinz (KHC) versus Penford (PENX) Head-To-Head Comparison (americanbankingnews.com)
- $0.95 Earnings Per Share Expected for Kraft Heinz Co (KHC) This Quarter (americanbankingnews.com)
- Kraft Heinz Co (KHC) Short Interest Down 13.9% in December (americanbankingnews.com)
- $6.90 Billion in Sales Expected for Kraft Heinz Co (KHC) This Quarter (americanbankingnews.com)
Kraft Heinz (NASDAQ KHC) traded up $0.39 during trading on Friday, reaching $79.66. 3,739,823 shares of the company’s stock traded hands, compared to its average volume of 3,600,000. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. The firm has a market capitalization of $97,050.00 and a P/E ratio of 24.82. Kraft Heinz has a 52-week low of $75.21 and a 52-week high of $97.77.
Several analysts recently issued reports on the company. Jefferies Group assumed coverage on Kraft Heinz in a report on Friday. They set a “buy” rating and a $95.00 price objective for the company. Royal Bank of Canada reiterated a “buy” rating and set a $95.00 price objective on shares of Kraft Heinz in a report on Tuesday, October 3rd. Goldman Sachs Group lowered Kraft Heinz from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $95.00 to $87.00 in a report on Wednesday, October 4th. Credit Suisse Group reiterated an “outperform” rating and set a $90.00 price objective (down from $100.00) on shares of Kraft Heinz in a report on Thursday, November 2nd. Finally, Piper Jaffray Companies upgraded Kraft Heinz from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $92.00 to $90.00 in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. Kraft Heinz currently has an average rating of “Buy” and a consensus price target of $92.65.
About Kraft Heinz
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.
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