Zacks Downgrades Prestige Brands Holdings to Neutral (PBH)
Prestige Brands Holdings (NYSE:PBH) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday, ARN reports. They currently have a $38.20 price objective on the stock. Zacks‘ price target suggests a potential upside of 22.12% from the stock’s previous close.
Shares of Prestige Brands Holdings (NYSE:PBH) traded down 0.74% on Wednesday, hitting $31.05. 167,409 shares of the company’s stock traded hands. Prestige Brands Holdings has a 52 week low of $16.30 and a 52 week high of $35.98. The stock has a 50-day moving average of $32.0 and a 200-day moving average of $30.11. The company has a market cap of $1.589 billion and a price-to-earnings ratio of 22.67.
Prestige Brands Holdings (NYSE:PBH) last released its earnings data on Thursday, August 1st. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.02. The company had revenue of $143.00 million for the quarter, compared to the consensus estimate of $147.15 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis. On average, analysts predict that Prestige Brands Holdings will post $1.67 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group initiated coverage on shares of Prestige Brands Holdings (NYSE:PBH) in a research note to investors on Monday, September 23rd. They set a “hold” rating and a $36.00 price target on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Prestige Brands Holdings (NYSE:PBH) from $33.00 to $39.00 in a research note to investors on Friday, August 2nd. Finally, analysts at Sidoti upgraded shares of Prestige Brands Holdings (NYSE:PBH) from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, July 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $36.84.
Prestige Brands Holdings, Inc (NYSE:PBH) is a holding company.
To view Zacks’ full report, visit www.zacks.com
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