why Performance Food Group Company [PFGC] is a Good Choice for Investors After New Price Target of $83.71


Performance Food Group Company [NYSE: PFGC] jumped around 2.05 points on Thursday, while shares priced at $74.07 at the close of the session, up 2.85%.

Compared to the average trading volume of 1.02M shares, PFGC reached a trading volume of 2628130 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say about Performance Food Group Company [PFGC]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PFGC shares is $83.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PFGC stock is a recommendation set at 1.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Piper Sandler have made an estimate for Performance Food Group Company shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 21, 2023. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Buy. The new note on the price target was released on October 19, 2023, representing the official price target for Performance Food Group Company stock. Previously, the target price had yet another drop from $74 to $66, while Morgan Stanley kept a Equal-Weight rating on PFGC stock.

The Average True Range (ATR) for Performance Food Group Company is set at 1.65, with the Price to Sales ratio for PFGC stock in the period of the last 12 months amounting to 0.20. The Price to Book ratio for the last quarter was 2.89, with the Price to Cash per share for the same quarter was set at 0.11. Price to Free Cash Flow for PFGC in the course of the last twelve months was 14.50 with Quick ratio for the last quarter at 0.77.

How has PFGC stock performed recently?

Performance Food Group Company [PFGC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.34. With this latest performance, PFGC shares gained by 8.12% in over the last four-week period, additionally plugging by 18.80% over the last 6 months – not to mention a rise of 27.01% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PFGC stock in for the last two-week period is set at 67.49, with the RSI for the last a single of trading hit 75.93, and the three-weeks RSI is set at 61.56 for Performance Food Group Company [PFGC]. The present Moving Average for the last 50 days of trading for this stock 71.96, while it was recorded at 71.44 for the last single week of trading, and 66.38 for the last 200 days.

Performance Food Group Company [PFGC]: Deeper insight into the fundamentals

Performance Food Group Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.77 and a Current Ratio set at 1.64.

Earnings analysis for Performance Food Group Company [PFGC]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PFGC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Performance Food Group Company go to 14.99%.

Insider trade positions for Performance Food Group Company [PFGC]

The top three institutional holders of PFGC stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in PFGC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in PFGC stock with ownership which is approximately 5.8386%.