Market Fluctuations Impact on Stock Food Group Company (PFGC) – News Heater
Is Performance Food Group (NYSE: PFGC ) worth investing in right now?
Performance Food Group (NYSE:PFGC)’s price-to-earnings ratio is 31.83x above the average. and a 36-month beta of 1.36.
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The public float for PFGC is 152.46M and currently short sellers are 1.77% of the float. As of March 16, 2023, PFGC had an average trading volume of 1.29 million shares.
Latest price update of PFGC) shares
The stock price of Performance Food Group Company (NYSE:PFGC) has increased 0.18 from its previous closing price of 54.42. Despite this, the company’s share price has declined by -4.20% in the last five trading sessions.
Opinion of PFGC analysts
Performance Food Group Company (PFGC) shares fell -4.20% over the past week, -9.31% over the past month, and -9.76% over the past quarter. The volatility coefficient for the week is 3.31%, and the volatility level for the past 30 days is 2.29% for PFGC. The simple moving average of the past 20 days is -5.38% for PFGC stock, while the simple moving average of the past 200 days is 3.76%.
Opinion of PFGC analysts
Multiple brokerages have issued reports on PFGC shares, while Stephens reiterated PFGC’s rating, calling it “overweight.” The estimated price of PFGC in the upcoming period, according to Stephens, is $60 based on a research report published on September 23, 2022.
Berenberg, on the other hand, said in their research note that they expect PFGC to reach their $71 target. PFGC’s stock rating is “Buy” according to a report published on May 18, 2022.
Deutsche Bank gave PFGC a “Buy” rating and set a price target of $62.00 in a report on last March 18th.
PFGC is trading at -7.29% from its 50-day moving average
After the market stumble that pushed PFGC lower over the past 52 weeks, the company failed to recover, currently trading at a loss of -13.64% over the period.
Volatility remained at 2.29%, however, over the past 30 days, volatility has increased by 3.31% as the stock has moved -9.48% on its moving average over the past 20 days. Over the past 50 days, opposition stocks are currently trading -6.63% lower.
Over the past 5 trading sessions, PFGC has moved down -4.20%, moving +25.33% to its 200-day moving average compared to its 20-day moving average of $57.33. Meanwhile, Performance Food Group is down -6.63% year-to-date, showing a further cost-cutting trend.
Insider trading
Reports On Mar 01 Hagerty Patrick T sold 500 shares at $56.31. indicates that there have been several insider trading activities at PFGC since After this action, Hagerty Patrick T. now owns 153,790 shares of Performance Food. Group Company valued at $28,155 at the last closing price.
Performance Food Group’s Bulmer Donald S. sold 970 shares at a price of $59.81 during a trading session on February 13th, giving Bulmer Donald S. a share of 33,196 shares worth $58,016 as of the last closing price.
Fund fundamentals for PFGC
Return on equity is now 7.90, compared to 2.20 for asset returns.
Conclusion
In conclusion, Performance Food Group Company (PFGC) has seen poor performance recently. Analysts have mixed views on the stock, with some calling it a “buy” and others a “hold.” Notably, the stock is currently trading at a significant distance from its 50-day moving average and 52-week high.