Benchmark Co. Increases PriceSmart Price Target to $113.00 (PSMT)
Investment analysts at Benchmark Co. raised their price objective on shares of PriceSmart (NASDAQ:PSMT) from $89.00 to $113.00 in a note issued to investors on Friday, StockRatingsNetwork reports. The firm currently has a “hold” rating on the stock. Benchmark Co.’s price objective points to a potential downside of 6.27% from the company’s current price.
PriceSmart (NASDAQ:PSMT) traded up 5.95% during mid-day trading on Friday, hitting $120.555. The stock had a trading volume of 270,884 shares. PriceSmart has a one year low of $70.02 and a one year high of $122.14. The stock has a 50-day moving average of $99.31 and a 200-day moving average of $90.9. The company has a market cap of $3.645 billion and a P/E ratio of 40.93.
PriceSmart (NASDAQ:PSMT) last released its earnings data on Wednesday, October 30th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.66 by $0.03. The company had revenue of $568.00 million for the quarter, compared to the consensus estimate of $586.61 million. During the same quarter last year, the company posted $0.58 earnings per share. PriceSmart’s revenue was up 13.6% compared to the same quarter last year. On average, analysts predict that PriceSmart will post $3.21 earnings per share for the current fiscal year.
PriceSmart, Inc (NASDAQ:PSMT) business consists primarily of international membership shopping warehouse clubs similar to warehouse clubs in the United States.
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