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Deutsche Bank Sticks to Their Hold Rating for Flowers Foods


Deutsche Bank (DE:DBKGn) analyst Stephen Powers maintained a Hold rating on Flowers Foods (NYSE:FLO) on Friday, setting a price target of $24, which is approximately 6.15% above the present share price of $22.61.

Powers expects Flowers Foods to post earnings per share (EPS) of $0.01 for the second quarter of 2020.

The current consensus among 2 TipRanks analysts is for a Hold rating of shares in Flowers Foods, with an average price target of $24.5.
The analysts price targets range from a high of $25 to a low of $24.

In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $917.76 million and a net profit of $21.72 million. The company's market cap is $4.83 billion.

According to TipRanks.com, Deutsche Bank analyst Stephen Powers is a 2-star analyst with an average return of 0.2% and a 57.5% success rate.

Flowers Foods, Inc. engages in the manufacture and sale of bakery products. The firm offers bakery foods for retail and food service customers in the United States. Its brands include Nature's Own, Dave's Killer Bread, Canyon Bakehouse, Tastykake, and Merita. The company was founded by William Howard Flowers, Sr. and Joseph Hampton Flowers, Jr. in 1919 and is headquartered in Thomasville, GA.