Kraft Heinz Co (NASDAQ:KHC): Bernstein raised target price to $95

Bernstein raised target price to $95 from $90 for Kraft Heinz Co (NASDAQ:KHC) based on the company’s potential to become a consolidator in the U.S. Food space.

The firm is one of 11 equity research analysts that have recently weighed in on shares of Kraft Heinz Co (NASDAQ:KHC). On a consensus basis, the sell-side has a one year price target of $86.454 on the stock. The most aggressive analyst sees the stock reaching $98 while the most conservative has a $72 target price.

In terms of Buy,Sell or HOld recommendations, Kraft Heinz Co has an averate broker rating of 1.71. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that the company will report earnings of $0.61 for the current quarter on or around 2016-04-26. Most recently the company posted an earnings surprise of 6.9% as the reported number of $0.62 was $0.04 away from consensus estimates.

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