United Natural Foods Shares Exceed Analyst Target Price; Investor Insight Needed
Recently, shares of United Natural Foods Inc. (Symbol: UNFI) surpassed the average analyst 12-month target price of $29.78, now trading at $30.57 per share. When a stock reaches an analyst’s projected target, the analyst faces two options: either to downgrade on valuation or adjust their target higher. The decision often hinges on the company’s underlying fundamental developments that are driving the stock price upwards. If the outlook is positive, a target increase may be warranted.
Analyst Target Price Spectrum
There are nine analysts within the Zacks coverage contributing to the average target for United Natural Foods Inc. However, this average represents a mathematical midpoint. Some analysts set lower targets, with one estimating a price of $25.00, while others are more optimistic, projecting a target as high as $33.00. Notably, the standard deviation among these targets stands at $3.153.
Investor Assessment of UNFI’s Price Movement
The concept of examining the average UNFI price target revolves around the “wisdom of crowds.” It aggregates insights from various analysts, rather than relying solely on one expert opinion. With UNFI currently above the average target price of $29.78 per share, investors are prompted to carefully assess the situation. They must determine whether this price is merely a stop before reaching an even higher target, or if current valuations suggest a good time to take profits.
| Recent UNFI Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 1 | 1 | 1 | 1 |
| Buy ratings: | 1 | 1 | 1 | 0 |
| Hold ratings: | 8 | 8 | 8 | 9 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 2.91 | 2.91 | 2.91 | 3.0 |
The average rating in the table ranges from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. Data utilized in this article comes from Zacks Investment Research via Quandl.com.
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Also see:
• DIOD Price Target
• DAC Average Annual Return
• Funds Holding CNK
The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
