B&G Foods, a publicly traded company, has recently received mixed reviews from analysts regarding its performance in the stock market. Over the past three months, four analysts have provided their predictions for B&G Foods’ stock price over the next year. The average price target they have set is $12.12, with the highest target being $15.00 and the lowest at $9.50.
This current average price target reflects an 11.34% decrease compared to the previous average target of $13.67. It is important to note that analyst ratings are opinions given by experts in the banking and financial industry who specialize in analyzing specific stocks or sectors. These analysts conduct thorough research, studying the company’s financial statements, participating in conference calls and meetings, and even speaking with insiders to gather information and form their ratings.
Overall, the recent analyst ratings for B&G Foods have been somewhat bearish or indifferent, indicating a level of uncertainty or caution regarding the company’s future performance. It is crucial for investors to consider these ratings when making decisions about buying or selling stocks.
B&G Foods, Inc.
BGS
Strong Buy
Updated on: 30/09/2023
Very Healthy 
B&G Foods Inc. (BGS) Stock Performance and Valuation Analysis – September 19, 2023
B&G Foods Inc. (BGS) is a consumer non-durables company in the food industry. On September 19, 2023, the stock had a previous close of $10.52 and an open of $10.42. The stock had a range of $10.14 to $10.42 throughout the day. The trading volume for the day was 1,070,956 shares, higher than the average volume of 931,221 shares over the past three months. The market capitalization of BGS is $762.7 million.
BGS experienced a decline of 115.59% in earnings growth in the previous year, but a smaller decline of 6.38% in earnings growth for this year. Analysts project a positive earnings growth rate of 5.70% over the next five years.
BGS saw a growth of 5.19% in revenue in the last year. The price-to-sales ratio for BGS is 0.36, indicating that the stock is undervalued relative to its sales. The price-to-book ratio is 0.87, indicating that the stock is trading below its book value.
BGS does not have a P/E ratio available, making it difficult to assess the stock’s valuation based on earnings.
On September 19, 2023, BGS stock experienced a decline of 1.87% or $0.19, closing at $10.33.
BGS reported a net profit margin of -0.53% in the last year, indicating a negative profitability margin.
In conclusion, BGS stock had a mixed performance on September 19, 2023, with declines in earnings growth but optimism for future growth. The stock’s valuation ratios suggest it may be undervalued, but the lack of a P/E ratio makes it difficult to fully assess its valuation. Investors should carefully consider these factors and conduct further research before making any investment decisions.
B&G Foods Inc (BGS) Stock Analysis: Potential Increase Predicted by Analysts on September 19, 2023
On September 19, 2023, B&G Foods Inc (BGS) stock had a median target price of $14.00, according to data from CNN Money. This represents a +37.80% increase from the last price of $10.16. The range of price forecasts from the 7 analysts offering 12-month forecasts for BGS stock was between $10.00 and $16.00.
The current consensus among the 7 polled investment analysts is to hold stock in B&G Foods Inc. This rating has remained steady since September, indicating that there have been no significant changes in the analysts’ recommendations for the stock.
Investors should conduct their own research and consider various factors before making any investment decisions.
In terms of BGS’s current financial performance, the company reported earnings per share of $0.27 for the current quarter. Additionally, its sales for the quarter amounted to $534.6 million.
Investors should also be aware of the upcoming reporting date for B&G Foods Inc’s financial results. The company is scheduled to report its earnings on November 2, which will provide further information on its financial performance and may impact the stock’s future performance.
Overall, BGS stock had a positive outlook on September 19, 2023, with analysts predicting a potential increase in its price. However, investors should conduct their own research and consider various factors before making any investment decisions. The upcoming earnings report will provide additional information that may impact the stock’s performance.
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