Yahoo Finance What Are Wall Street Analysts’ Recommendations for Snyder’s-Lance?
LNCE Announces Fiscal 2015 Results, Acquires Diamond Foods
Target prices
Snyder’s-Lance released its earnings for fiscal 2015. It also completed the Diamond Foods acquisition. After the announcement, Wall Street analysts provided their target prices for the next 12 months. The results show that 71% of the analysts rate Snyder’s-Lance a “buy” and ~29% rate it a “hold.” None of the analysts rate it a “sell.”
Consensus rating for Snyder’s-Lance
The average broker target price for Snyder’s-Lance is $39.80. This represents a 26.3% rise—compared to the closing price of $31.5 on March 2. The company’s peers include Flowers Foods (FLO), Lancaster Colony (LANC), and Keurig Green Mountain (GMCR). They have average broker target prices of $18.13, $111.13, $88.20, respectively. These figures imply returns of 5.7%, 10.0%, and -3.8%, respectively, in the next 12 months. The PowerShares Dynamic Food and Beverage (PBJ) invests 2.7% of its holdings in Snyder’s-Lance, 3.1% in Lancaster Colony, and 2.5% in Flowers Foods.
Analysts’ recommendations
SunTrust Robinson Humphrey gave Snyder’s-Lance the highest target price of $45. This represents a 43% rise compared to the closing price on March 2. It rated the stock a “strong buy.”
The second-highest target price for Snyder’s-Lance for the next 12 months is $40. This is 27% higher than the current trading price. It was assigned by Jefferies and BB&T Capital Markets. They both rate the stock a “strong buy.” Consumer Edge Research and Gabelli & Co. Consumer Edge Research rate the stock a “strong buy” with expectations for it to rise by ~21% in the next 12 months. Gabelli & Co. and CL King & Associates didn’t provide a target price for the stock.
BMO Capital Markets rates Snyder’s-Lance a “hold.” It assigned Snyder’s-Lance the lowest target price of $36. This is 14% higher than the closing price on March 2. It also received a “hold” rating from CL King & Associates.
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