Guggenheim Remains a Buy on Performance Food Group (PFGC)
Guggenheim analyst John Heinbockel reiterated a Buy rating on Performance Food Group on November 24 and set a price target of $115.00. The company’s shares closed last Wednesday at $94.39.
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According to TipRanks, Heinbockel is a 4-star analyst with an average return of 7.5% and a 55.56% success rate. Heinbockel covers the Consumer Defensive sector, focusing on stocks such as US Foods Holding, Costco, and Dollar General.
Performance Food Group has an analyst consensus of Strong Buy, with a price target consensus of $122.14, a 29.40% upside from current levels. In a report released on November 10, Piper Sandler also reiterated a Buy rating on the stock with a $116.00 price target.
Based on Performance Food Group’s latest earnings release for the quarter ending September 27, the company reported a quarterly revenue of $17.08 billion and a net profit of $93.6 million. In comparison, last year the company earned a revenue of $15.42 billion and had a net profit of $108 million
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