Performance Food Group Company (NYSE:PFGC) shares fell to a low of $49.15 before closing at $50.13. Intraday shares traded counted 1.38 million, which was -26.24% lower than its 30-day average trading volume of 1.09M. PFGC’s previous close was $49.05 while the outstanding shares total 132.30M. The firm has a beta of 1.70. The stock’s Relative Strength Index (RSI) is 42.51, with weekly volatility at 2.40% and ATR at 1.77. The PFGC stock’s 52-week price range has touched low of $24.18 and a $59.89 high. The stock traded higher over the last trading session, gaining 2.20% on 05/28/21.
Investors have identified the Food Distribution company Performance Food Group Company as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $6.56 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Performance Food Group Company (PFGC) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 3.18 billion total, with 2.31 billion as their total liabilities.
PFGC were able to record 54.2 million as free cash flow during the 08/18/2021 quarter of the year, this saw their quarterly net cash flow reduce by -319.2 million. In cash movements, the company had a total of 173.1 million as operating cash flow.
Potential earnings growth for Performance Food Group Company (PFGC)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/18/2021 quarter of the year, Performance Food Group Company recorded a total of 7.2 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 2.8% coming in sequential stages and their sales for the 08/18/2021 quarter increasing by 4.96%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 6.37 billion trying to sell their products during the last quarter, with the result yielding a gross income of 832.7 million. This allows shareholders to hold on to 132.30M with the recently reported earning now reading -0.06 cents per share. This is a figure that compared to analyst’s prediction for their 08/18/2021 (0.19 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.23 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on PFGC sounds very interesting.
Is the stock of PFGC attractive?
In related news, See Remarks, Hagerty Patrick T. sold 7,000 shares of the company’s stock in a transaction that recorded on Nov 11. The sale was performed at an average price of 42.76, for a total value of 299,342. As the sale deal closes, the Director, Grant Kimberly now sold 5,000 shares of the company’s stock, valued at 233,085. Also, See Remarks, VLAHCEVIC CHRISTINE R sold 3,882 shares of the company’s stock in a deal that was recorded on Nov 09. The shares were price at an average price of 46.77 per share, with a total market value of 181,572. Following this completion of acquisition, the See Remarks, HOLM GEORGE L now holds 66,481 shares of the company’s stock, valued at 2,578,226. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.24%.
8 out of 10 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Performance Food Group Company. 1 analysts has assigned a Sell rating on the PFGC stock. The 12-month mean consensus price target for the company’s shares has been set at $65.13.