Jefferies Group Initiates Coverage on GNC Holdings (GNC)
Equities research analysts at Jefferies Group assumed coverage on shares of GNC Holdings (NYSE:GNC) in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $68.00 price target on the stock. Jefferies Group’s target price would indicate a potential upside of 24.86% from the stock’s previous close.
The analysts wrote, “We view GNC as a ‘Growth at Reasonable Price’ story and it is our top stock pick. We believe the May 2013 rollout of new Gold Card member pricing sets the company up to accelerate to double-digit comps and 23% EPS growth 2013-2014. Current valuation of 15.5x 2014 P/E looks attractive vs. this growth outlook. GNC has the lowest P/E to growth ratio in our universe.”
A number of other analysts have also recently weighed in on GNC. Analysts at TheStreet upgraded shares of GNC Holdings from a “hold” rating to a “buy” rating in a research note to investors on Thursday, October 3rd. Separately, analysts at Deutsche Bank initiated coverage on shares of GNC Holdings in a research note to investors on Wednesday, September 25th. They set a “buy” rating and a $62.00 price target on the stock. Finally, analysts at Barclays Capital initiated coverage on shares of GNC Holdings in a research note to investors on Tuesday, September 24th. They set an “overweight” rating on the stock. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $55.75.
GNC Holdings (NYSE:GNC) traded up 1.51% on Monday, hitting $55.28. 61,758 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’s 50-day moving average is $52.83 and its 200-day moving average is $47.66. The company has a market cap of $5.268 billion and a price-to-earnings ratio of 21.52.
GNC Holdings (NYSE:GNC) last announced its earnings results on Thursday, July 25th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters 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 in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis.
GNC Holdings, Inc (NYSE:GNC) is a holding company.
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