GNC Holdings Stock Rating Upgraded by TheStreet (GNC)
GNC Holdings (NYSE:GNC) was upgraded by equities researchers at TheStreet from a “hold” rating to a “buy” rating in a research report issued on Thursday, AnalystRatings.Net reports.
The analysts wrote, “GNC Holdings (GNC) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank initiated coverage on shares of GNC Holdings (NYSE:GNC) in a research note to investors on Wednesday, September 25th. They set a “buy” rating and a $62.00 price target on the stock. Separately, analysts at Barclays Capital initiated coverage on shares of GNC Holdings (NYSE:GNC) in a research note to investors on Tuesday, September 24th. They set an “overweight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of GNC Holdings (NYSE:GNC) from $52.00 to $59.00 in a research note to investors on Friday, July 26th. They now have an “overweight” rating on the stock. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. GNC Holdings has a consensus rating of “Buy” and a consensus price target of $54.00.
Shares of GNC Holdings (NYSE:GNC) traded down 0.37% on Thursday, hitting $54.50. 491,197 shares of the company’s stock traded hands. GNC Holdings has a 52 week low of $30.92 and a 52 week high of $55.85. The stock has a 50-day moving average of $52.64 and a 200-day moving average of $47.25. The company has a market cap of $5.194 billion and a price-to-earnings ratio of 21.61.
GNC Holdings (NYSE:GNC) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.70 by $0.03. The company had revenue of $676.30 million for the quarter, compared to the consensus estimate of $672.70 million. During the same quarter last year, the company posted $0.62 earnings per share. GNC Holdings’s revenue was up 9.2% compared to the same quarter last year. Analysts expect that GNC Holdings will post $2.87 EPS for the current fiscal year.
GNC Holdings, Inc (NYSE:GNC) is a holding company.
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