Dean Foods Co (DF) Upgraded by Bank of America Merrill Lynch to "Buy"
Friday, July 22, 2021 1:32 PM

Equities research analysts at Bank of America Merrill Lynch upgraded shares of Dean Foods Co (NYSE: DF) from a "neutral" rating to a "buy" rating in a research note to investors on Friday.

Separately, analysts at Deutsche Bank (NYSE: DB) reiterated a "hold" rating on shares of Dean Foods Co in a research note to investors on Friday. Also, analysts at Goldman Sachs (NYSE: GS) cut their EPS estimates on shares of Dean Foods Co in a research note on Friday. They now have a "buy" rating and a $19.00 price target on the stock.

Shares of Dean Foods Co traded up 3.78% during mid-day trading on Monday, hitting $12.35. Dean Foods Co has a 52 week low of $7.13 and a 52 week high of $13.90. The stock's 50-day moving average is $12.35 and its 200-day moving average is $11.05. The company has a market cap of $2.262 billion and a price-to-earnings ratio of 29.68.

Dean Foods Co last announced its quarterly results on Tuesday, May 10th. The company reported $0.14 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.06 EPS by $0.08. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 3.00% on a year-over-year basis. On average, analysts predict that Dean Foods Co will post $0.18 EPS next quarter.

Dean Foods Company is a food and beverage company. The Company operates through two segments: Fresh Dairy Direct and WhiteWave-Morningstar. Fresh Dairy Direct, formerly DSD Dairy, is a processor and distributor of milk and other dairy products in the United States, with products sold under more than 50 local and regional brands and a range of private labels. WhiteWave-Morningstar markets and sells a variety of branded dairy and dairy-related products, such as Silk soymilk and cultured soy products, Horizon Organic milk and other dairy products, The Organic Cow, International Delight coffee creamers, LAND O’LAKES creamers and fluid dairy products, and Rachel’s Organic dairy products. WhiteWave-Morningstar also offers branded soy-based beverages and food products in Europe, marketing its products under the Alpro and Provamel brands. In July 2009, the Company completed the acquisition of the Alpro division of Vandemoortele, N.V.

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