Credit Suisse Stick to Their Sell Rating for Kraft Heinz

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Credit Suisse (SIX:CSGN) analyst Robert Moskow maintained a Sell rating on Kraft Heinz (NASDAQ:KHC) on Wednesday, setting a price target of $32, which is approximately 0.09% above the present share price of $31.97.

Moskow expects Kraft Heinz to post earnings per share (EPS) of -$1.35 for the third quarter of 2020.

The current consensus among 15 TipRanks analysts is for a Moderate Buy rating of shares in Kraft Heinz, with an average price target of $36.
The analysts price targets range from a high of $40 to a low of $30.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $6.65 billion and a net profit of $1.53 billion. The company’s market cap is $39.09 billion.

According to TipRanks.com, Credit Suisse analyst Robert Moskow is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 1.2% and a 48.18% success rate.

The Kraft Heinz Co. engages in the manufacture and market of food and beverage products. It operates through the following geographical segments: United States, Canada, EMEA, and Rest of the World. The Rest of the World segment is comprised of the Latin America and Asia Pacific segments. Its products include condiments and sauces, cheese and dairy, ambient meals, frozen and chilled meals, and for infant and nutrition. The company was founded on July 2, 2015 and is headquartered in Pittsburgh, PA.

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