Expect Another Strong Showing From WhiteWave On Thursday
Oppenheimer recently issued a report on WhiteWave Foods Co (NYSE: WWAV) ahead of the company's scheduled earnings announcement on Thursday, February 11. Currently, analysts at Oppenheimer rate WhiteWave Foods at Outperform with a $45 price target.
Rupesh Parikh and Erica Eiler, analysts at Oppenheimer, wrote, "We continue to look favorably upon WWAV shares. Strong product positioning in very attractive categories, new product introductions, benefits from manufacturing investments, and successful integration of the company's recent acquisitions will, in our view, drive further sales and EPS upside. We believe the company's superior growth prospects justify the current premium valuation."
2 Takeaways
Analysts at Oppenheimer highlighted two takeaways that make WhiteWave one of their top picks for 2016:
1. Top-Line Growth
Oppenheimer noted that WhiteWave has had success integrating and achieving substantial revenue growth from newly acquired companies. Analysts believe that this trend could continue in the future as the company continues to look for avenues to grow market share and expand their brand.
2. Management
Analysis at Oppenheimer see value in the experiences of WhiteWave's senior management and are confident in their ability to lead the company to further growth opportunities. Management has had a 20-year track record of navigating risk and driving consistent product innovation.
WhiteWave last traded at $33.59.
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Latest Ratings for WWAV
Date | Firm | Action | From | To |
---|---|---|---|---|
Sep 2016 | Bernstein | Downgrades | Outperform | Market Perform |
Aug 2016 | Argus Research | Downgrades | Buy | Sell |
Aug 2016 | Wells Fargo | Downgrades | Outperform | Market Perform |
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Posted-In: Erica Eiler Oppenheimer Rupesh ParikhAnalyst Color Price Target Reiteration Analyst Ratings Trading Ideas