US Foods Holding Corp. (USFD) Forms Wedge Up; Strong Momentum for Buyers Coming

July 16, 2018 - By Robert Shackelford

The stock of US Foods Holding Corp. (USFD) formed an up wedge with $42.75 target or 8.00 % above today’s $39.58 share price. The 7 months wedge indicates low risk for the $8.55B company. If the $42.75 price target is reached, the company will be worth $683.92 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.83% or $0.33 during the last trading session, reaching $39.58. About 922,357 shares traded. US Foods Holding Corp. (NYSE:USFD) has risen 21.09% since July 16, 2017 and is uptrending. It has outperformed by 8.52% the S&P500.

Analysts await US Foods Holding Corp. (NYSE:USFD) to report earnings on August, 8. They expect $0.57 earnings per share, up 58.33 % or $0.21 from last year’s $0.36 per share. USFD’s profit will be $123.12 million for 17.36 P/E if the $0.57 EPS becomes a reality. After $0.31 actual earnings per share reported by US Foods Holding Corp. for the previous quarter, Wall Street now forecasts 83.87 % EPS growth.

Another recent and important US Foods Holding Corp. (NYSE:USFD) news was published by Seekingalpha.com which published an article titled: “US Foods Is A Buy” on July 10, 2018.

US Foods Holding Corp., through its subsidiary, US Foods, Inc., markets and distributes fresh, frozen, and dry food and non-food products to foodservice clients in the United States. The company has market cap of $8.55 billion. The Company’s clients include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations. It has a 18.24 P/E ratio. The firm was formerly known as USF Holding Corp. and changed its name to US Foods Holding Corp. in February 2016.

US Foods Holding Corp. (NYSE:USFD) Ratings Chart

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