News coverage about Freshpet (NASDAQ:FRPT) has trended somewhat negative recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Freshpet earned a news sentiment score of -0.01 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.0842803347761 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Freshpet Inc (FRPT) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- With A -34.86% Earnings Drop, Did Freshpet Inc (NASDAQ:FRPT) Really Underperform? (finance.yahoo.com)
- BRIEF-Armistice Capital Reports 6.4 Pct Passive Stake In Freshpet (reuters.com)
- Zacks Investment Research Lowers Freshpet (FRPT) to Sell (americanbankingnews.com)
- Update in Lawsuit for Investors in NASDAQ: FRPT shares against Freshpet Inc announced by Shareholders Foundation (finance.yahoo.com)
A number of brokerages have recently commented on FRPT. BidaskClub lowered shares of Freshpet from a “hold” rating to a “sell” rating in a report on Tuesday, March 13th. Zacks Investment Research lowered shares of Freshpet from a “hold” rating to a “sell” rating in a report on Monday, March 12th. Imperial Capital reissued an “in-line” rating and issued a $18.00 price target (up previously from $16.50) on shares of Freshpet in a report on Friday, March 9th. SunTrust Banks reissued a “buy” rating and issued a $23.00 price target on shares of Freshpet in a report on Tuesday, March 6th. Finally, Credit Suisse Group increased their price target on shares of Freshpet from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.71.
Freshpet (NASDAQ:FRPT) last released its earnings results on Monday, March 5th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.03). Freshpet had a negative net margin of 2.73% and a negative return on equity of 3.85%. The business had revenue of $40.70 million for the quarter, compared to the consensus estimate of $41.14 million. During the same period in the prior year, the business posted $0.04 EPS. Freshpet’s revenue for the quarter was up 19.4% on a year-over-year basis. analysts anticipate that Freshpet will post -0.01 EPS for the current year.
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Freshpet, Inc is a manufacturer of fresh, refrigerated pet food distributed across North America. The Company operates in the segment of manufacturing, marketing and distribution of pet food and pet treats for dogs and cats. The Company’s products consist of dog food, cat food, and dog and cat treats.
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