Evercore ISI Reaffirms Their Hold Rating on B&G Foods (BGS)

Evercore ISI analyst David Palmer maintained a Hold rating on B&G Foods (BGSResearch Report) yesterday and set a price target of $27.00. The company’s shares closed last Friday at $24.37.

According to TipRanks.com, Palmer is a 4-star analyst with an average return of 6.6% and a 60.1% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Mondelez International, BellRing Brands, and Conagra Brands.

Currently, the analyst consensus on B&G Foods is a Moderate Sell with an average price target of $26.33, representing a 0.2% upside. In a report issued on April 21, Jefferies also maintained a Hold rating on the stock with a $25.00 price target.

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B&G Foods’ market cap is currently $1.86B and has a P/E ratio of 26.24.

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B&G Foods, Inc.is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S., Canada, and Puerto Rico. Its products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, and wine vinegar. Its brands include Back to Nature, Bear Creek, Cream of Wheat, Green Giant, Mrs. Dash, and Ortega. The company was founded in 1889 and is headquartered in Parsippany, NJ.

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