The stock of US Foods Holding Corp. (NYSE:USFD) is now priced at $24 and the shares are -0.35 points down or -1.44% lower compared to its previous closing price of $24.35. The stock had 1.945 million contracts set over the past session. USFD shares’ daily volume is compared to its average trading volume at 3.556 million shares. However, it has a float of 218 million and although its performance was 4.48% over the week, it’s one to watch. Analysts have given the USFD stock a yearly average price target of $26.63 per share. It means the stock’s upside potential is 10.96% with the USFD share price recently placing at $23.7932 to $24.6799. However, some brokerage firms have priced the stock below the average, including one that has called $22.
The shorts are running away from the US Foods Holding Corp. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the USFD shares have declined. Short interest in the stock represents just 2.11% of its float, but the volume has dropped by 0.
In the last trading session, US Foods Holding Corp. (NYSE:USFD) raised by $1.03 over the week and gained $2.32 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $43.1. The stock recorded its established 52-week high on 09/12/19.
Since 03/18/20, the stock has traded to a low of $8.32 at 188.46%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.45. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, US Foods Holding Corp.’s two-week RSI is 57.2. This suggests that the stock is neutral at the moment and that USFD shares’ price movement remains stable. The stochastic readings are equally revealing at 74.46% meaning the USFD share price is currently in oversold territory.
The technical chart shows that the USFD stock will likely settle at between $24.52 and $25.04 per share. However, if the stock dips below $23.64, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $23.27.
Currently, the stock is trading in the green of MACD, with a reading of 0.92. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Maxim Group assigned USFD a rating of Outperform in their resuming review released on August 06. BTIG Research analysts see the stock as a Buy with a target price of $25 in a flash note released to investors on July 17 initiating covering the stock. BMO Capital Markets seeing the stock struggling downgraded it from Outperform to Market Perform on April 23 placing it at $50 to $20.
The average rating for the USFD equity is 2.13 and is currently gathering a bullish momentum. Of 9 analysts tracking US Foods Holding Corp. polled by Reuters, 3 rated USFD as a hold. The remaining 6 analysts were split evenly. However, the split wasn’t equal as a majority (6) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the USFD stock price is 17.35X ahead of its 12-month Consensus earnings per share estimates.
Zacks Consensus Estimate forecasts that the current-quarter revenues for US Foods Holding Corp. (NYSE:USFD) will increase by about 27.41%, which will see them reach $5810 million. The company’s full-year revenues are, however, expected to diminish by about -10.14%, down from $25900 million to $23300 million. USFD’s expected adjusted earnings should drop almost -72.31% to end up at $0.18 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -83.19% to record $0.4/share.