Unifirst Corporation (NYSE:UNF) has been assigned an average broker rating score of 2.60 (Hold) from the five brokers that provide coverage for the company, Zacks Investment Research reports. Four investment analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. Unifirst Corporation’s rating score has improved by 2.6% in the last three months as a result of various analysts’ upgrades and downgrades.
Analysts have set a one year consensus price target of $154.00 for the company and are predicting that the company will post $1.24 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Unifirst Corporation an industry rank of 41 out of 265 based on the ratings given to its competitors.
UNF has been the topic of several recent analyst reports. Zacks Investment Research upgraded Unifirst Corporation from a “hold” rating to a “buy” rating and set a $159.00 price objective on the stock in a report on Tuesday, September 12th. BidaskClub lowered Unifirst Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Robert W. Baird raised Unifirst Corporation from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $145.00 to $163.00 in a research report on Thursday, June 29th.
Unifirst Corporation (NYSE UNF) traded up 0.51% during mid-day trading on Monday, reaching $157.30. The company’s stock had a trading volume of 20,813 shares. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 28.98 and a beta of 0.70. Unifirst Corporation has a 12 month low of $116.67 and a 12 month high of $157.55. The stock’s 50 day moving average is $146.46 and its 200 day moving average is $141.24.
Several large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its position in shares of Unifirst Corporation by 0.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the textile maker’s stock valued at $577,000 after acquiring an additional 36 shares during the period. Municipal Employees Retirement System of Michigan increased its holdings in Unifirst Corporation by 1.1% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 3,520 shares of the textile maker’s stock worth $498,000 after purchasing an additional 40 shares in the last quarter. Amalgamated Bank increased its holdings in Unifirst Corporation by 2.0% in the 2nd quarter. Amalgamated Bank now owns 2,086 shares of the textile maker’s stock worth $294,000 after purchasing an additional 40 shares in the last quarter. Huntington National Bank increased its holdings in Unifirst Corporation by 6.4% in the 2nd quarter. Huntington National Bank now owns 1,285 shares of the textile maker’s stock worth $181,000 after purchasing an additional 77 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in Unifirst Corporation by 1.3% in the 1st quarter. Arizona State Retirement System now owns 8,057 shares of the textile maker’s stock worth $1,140,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 73.47% of the company’s stock.
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About Unifirst Corporation
UniFirst Corporation is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, aprons and specialized protective wear, such as flame resistant and high visibility garments.
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