Why Is US Foods Holding Stock Gaining Today?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 14 2024
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Source: Benzinga
Share Repurchase Announcement: US Foods Holding Corp. is repurchasing $211 million in shares at $52.28 each, part of a larger $1 billion buyback program, with CEO Dave Flitman expressing confidence in the company's undervalued stock.
Financial Performance: The company reported second-quarter sales of $9.70 billion, exceeding analyst expectations, and maintained its FY24 guidance for net sales and adjusted earnings per share.
Analyst Views on PSL
Wall Street analysts forecast PSL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PSL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 108.951
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Current: 108.951
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
