RBC Capital analyst Nik Modi maintained a Hold rating on B&G Foods (NYSE:BGS) Holdings on Friday, setting a price target of $27, which is approximately 6.61% below the present share price of $28.91.
Modi expects B&G Foods Holdings to post earnings per share (EPS) of $0.44 for the third quarter of 2020.
The current consensus among 8 TipRanks analysts is for a Hold rating of shares in B&G Foods, with an average price target of $27.33.
The analysts price targets range from a high of $28 to a low of $27.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $449.37 million and a net profit of $60.22 million. The company's market cap is $1.85 billion.
According to TipRanks.com, RBC Capital analyst Nik Modi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.0% and a 69.89% success rate.
B&G Foods, Inc.is a holding company, which engages in the manufacture, sale, and distribution of shelf-stable frozen food, and household products in the U.S., Canada, and Puerto Rico. Its products include frozen and canned vegetables, hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, and wine vinegar. Its brands include Back to Nature, Bear Creek, Cream of Wheat, Green Giant, Mrs. Dash, and Ortega. The company was founded in 1889 and is headquartered in Parsippany, NJ.