Tigress Financial Partners Initiates Coverage And Buy Rating On WhiteWave Foods Company

Tigress Financial Partners initiated coverage and a Buy rating on WhiteWave Foods Company WWAV in a report on Thursday.

Analyst Philip Van Deusen noted that the company is benefiting from more health conscious consumers, brand recognition, and growth through acquisitions.  The company recently announced its intention to acquire Delicious Dairy Free for $195 million. 

Van Deusen’s report highlighted that revenues “continue to grow organically and through acquisitions; sales increased 36% in WWAV’s latest financial results, 11% of that organically.”  He feels that sales will grow by 19 percent over the next 12 months.

The report also indicated that WWAV should benefit over the long run in the broader food industry as natural and organic products gain share.

WhiteWave Foods Company recently traded at $35.27, down 0.65 percent.