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Stock Market & Financial Investment News

News Breaks
February 5, 2014
08:17 EDTHAINConcerns about Hain Celestial may create buying opportunity, says BMO Capital
After Hain reported in-line Q2 EPS but raised its FY14 EPS guidance, BMO Capital believes that concerns about a deceleration in the company's U.S. growth are misplaced. The firm contends that the company is poised to exceed sales/earnings expectations in the near term, and it keeps an Outperform rating on the stock.
News For HAIN From The Last 14 Days
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September 12, 2014
16:44 EDTHAINMarket ends week lower as investors fret over Fed statement
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September 11, 2014
10:42 EDTHAINWhiteWave seen having 50% chance of being acquired
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September 9, 2014
10:12 EDTHAINNatural food makers rise following Annies acquisition
Shares of a number of natural food makers are climbing after one of the companies in the sector, Annies (BNNY), announced last night that it agreed to be acquired by General Mills (GIS). In a note to investors today, research firm Oppenheimer wrote that the deal should cause the valuations of two natural food makers, Boulder Brands (BDBD) and WhiteWave (WWAV), to rise in the near-term. WHAT'S NEW: General Mills last night said that it had agreed to buy Annie's for $46 per share in cash, or $820M. Annies' stock closed yesterday at $33.51. General Mills expects the transaction to be accretive to its earnings in the first 12 months following the completion of the deal. ANALYST REACTION: In a note to investors today, Oppenheimer analyst Rupesh Parikh wrote that the acquisition of Annie's could cause the valuations of stocks in the natural foods sector to rise significantly. The terms of the acquisition of Annies imply a nearly 40x P/E multiple to consensus FY15 forecasts for the company, according to Parikh. The shares of Boulder Brands and WhiteWave should advance in the near-term, added the analyst, who kept Outperform ratings on both names PRICE ACTION: In early trading, WhiteWave rose 3.9% to $37.10, while Boulder Brands jumped 7.6% to $14.25. Another stock in the sector, Hain Celestial (HAIN), advanced 3.5% to $101.17, while Annies surged 37% to $46 and General Mills slipped 0.5% to $53.26.
09:12 EDTHAINOn The Fly: Pre-market Movers
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