Investment analysts at Northland Capital Partners raised their target price on shares of Diamond Foods (NASDAQ: DMND) from $15.00 to $17.00 in a note issued to investors on Tuesday, Stock Ratings Network.com reports. The firm currently has a “market perform” rating on the stock. Northland Capital Partners’ price objective would suggest a potential downside of 11.37% from the company’s current price.
Separately, analysts at Zacks reiterated an “underperform” rating on shares of Diamond Foods in a research note to investors on Thursday, March 28th. They now have a $15.00 price target on the stock.
One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $16.00.
Shares of Diamond Foods (NASDAQ: DMND) opened at 19.18 on Tuesday. Diamond Foods has a one year low of $12.85 and a one year high of $24.80. The stock’s 50-day moving average is currently $15.99. The company’s market cap is $426.9 million.
Diamond Foods (NASDAQ: DMND) last posted its quarterly earnings results on Monday, June 10th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.17) by $0.22. The company had revenue of $184.90 million for the quarter, compared to the consensus estimate of $175.78 million. During the same quarter in the prior year, the company posted ($0.22) earnings per share. The company’s quarterly revenue was down 11.0% on a year-over-year basis. Analysts expect that Diamond Foods will post $0.05 EPS for the current fiscal year.
Diamond Foods, Inc. (NASDAQ: DMND) is a packaged food company focused on building, acquiring and energizing brands.