Based on the provided data, here's a concise analysis of USFD stock:
Technical Analysis
The stock is currently trading at $70.32 in the post-market, showing minimal movement today with just +0.01% change during regular trading hours. The stock is trading above its 20-day moving average of $69.85, indicating a slightly bullish short-term trend.
Recent Developments
Morgan Stanley recently raised their price target to $82 from $76, maintaining a Buy rating with an 18.6% upside potential . The analyst sees "reason for cautious optimism" for the restaurant sector in 2025.
Fundamental Outlook
- The company recently reaffirmed its FY2024 guidance, projecting:
- Earnings: $3.05-$3.15 per share
- Net sales: $37.7-38.0 billion
These projections align well with analysts' consensus expectations of $3.12 EPS and $37.88 billion in revenue.
Fibonacci Levels
Current key levels:
- Resistance: $72.59 (R1), $73.53 (R2)
- Support: $69.54 (S1), $68.60 (S2)
- Pivot: $71.06
The stock is currently trading between its first support and resistance levels, suggesting a neutral-to-bullish setup in the short term.
Based on the technical setup, strong analyst support, and solid fundamental outlook, USFD appears to be a buy at current levels, with potential upside toward the analyst targets around $82.