J.P. Morgan Sticks to Their Hold Rating for HelloFresh SE (HFG)
J.P. Morgan analyst Marcus Diebel maintained a Hold rating on HelloFresh SE today and set a price target of €6.00.
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Diebel covers the Consumer Cyclical sector, focusing on stocks such as Delivery Hero SE, AUTO1 Group SE, and HelloFresh SE. According to TipRanks, Diebel has an average return of -5.1% and a 37.09% success rate on recommended stocks.
In addition to J.P. Morgan, HelloFresh SE also received a Hold from Barclays’s Andrew Ross in a report issued on March 11. However, today, Jefferies maintained a Buy rating on HelloFresh SE (XETRA: HFG).
Based on HelloFresh SE’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €1.58 billion and a GAAP net loss of €49.2 million. In comparison, last year the company earned a revenue of €1.83 billion and had a GAAP net loss of €33.3 million
