United Natural Foods Inc (UNFI) stock forecast: Can it reach its 52-week high of $23.15

United Natural Foods Inc [UNFI] stock prices are up 1.06% to $21.89 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The UNFI shares have gain 4.09% over the last week, with a monthly amount glided 1.67%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

United Natural Foods Inc [NYSE: UNFI] stock has seen the most recent analyst activity on October 11, 2024, when Northcoast upgraded its rating to a Buy. Previously, Wells Fargo downgraded its rating to Underweight on January 04, 2024, and kept the price target unchanged to $15. On March 13, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $32 on the stock. Northcoast downgraded its rating to a Neutral. CL King downgraded its rating to a Neutral. ROTH MKM downgraded its rating to Neutral for this stock on March 08, 2023, and downed its price target to $34. In a note dated March 21, 2022, CL King initiated an Buy rating.

The stock price of United Natural Foods Inc [UNFI] has been fluctuating between $8.58 and $23.15 over the past year. Currently, Wall Street analysts expect the stock to reach $31.5 within the next 12 months. United Natural Foods Inc [NYSE: UNFI] shares were valued at $21.89 at the most recent close of the market. An investor can expect a potential return of 43.9% based on the average UNFI price forecast.

Analyzing the UNFI fundamentals

The United Natural Foods Inc [NYSE:UNFI] reported sales of 30.98B for trailing twelve months, representing a surge of 9.95%. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.07 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.27.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.26 points at the first support level, and at 20.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.01, and for the 2nd resistance point, it is at 24.13.

Ratios To Look Out For

It’s worth pointing out that United Natural Foods Inc [NYSE:UNFI]’s Current Ratio is 1.44. In addition, the Quick Ratio stands at 0.52 and the Cash Ratio stands at 0.02. Considering the valuation of this stock, the price to sales ratio is 0.04, the price to book ratio is 0.79.

Transactions by insiders

Recent insider trading involved Benedict Danielle, Chief Human Resources Officer, that happened on Oct 17 ’24 when 9050.0 shares were sold. Officer, Benedict Danielle completed a deal on Oct 17 ’24 to buy 9050.0 shares. Meanwhile, Chief Human Resources Officer Benedict Danielle sold 15152.0 shares on Oct 04 ’24.

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