DBS analyst Zheng Feng Chee maintains $The Kraft Heinz (KHC.US)$ with a hold rating, and maintains the target price at $35.
According to TipRanks data, the analyst has a success rate of 43.8% and a total average return of -13.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $The Kraft Heinz (KHC.US)$'s main analysts recently are as follows:
The company experienced a shortfall in Q3 organic sales growth and signaled that earnings for 2024 might hover at the lower spectrum of its forecasted range, with projected growth up to 2025 likely falling short of expectations. The time needed for Kraft Heinz to enhance its U.S. retail patterns is surpassing initial predictions.
Kraft Heinz's growth and profitability assumptions have been scaled back extending into fiscal 2025 and over the medium term. While the valuation of Kraft Heinz could be considered low or appealing in comparison to the market, there is now an anticipated extended timeline for a sales recovery, which may delay significant positive developments.
Kraft Heinz's Q3 outcomes uncovered subdued trends within U.S. Retail, with the forecasted recovery anticipated to extend further than previously thought due to ongoing competitive pressures. The persistent volume softness experienced by Kraft Heinz, together with difficulties related to pricing gaps, is expected to necessitate increased promotional efforts, which may continue to strain profit margins.
Note:
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