Heinz Price Target Lifted at Barclays Capital (HNZ)
Created by Dividend.com
Ketchup maker H.J. Heinz Company (HNZ
) saw its price target and earnings estimate raised on Wednesday by analysts at Barclays Capital.
The analyst said it now sees HNZ shares, which closed at $43.23 on Tuesday, as reaching $43, up from a previous $40. Barclays also boosted its 2010 earnings estimate to $2.86 from $2.81 and maintained its “Equal Weight” rating on the stock.
Heinz shares rose 45 cents, or +1%, in premarket trading Wednesday.
The Bottom Line
We have been recommending shares of HNZ since Jan.24, when the stock was trading at $35.06. The company has a 3.89% dividend yield, based on last night’s closing stock price of $43.23.
H.J. Heinz Company (HNZ) is a “recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
