Nutrisystem Stock Rating Lowered by Midtown Partners (NTRI)
Nutrisystem (NASDAQ:NTRI) was downgraded by equities research analysts at Midtown Partners from a “neutral” rating to a “sell” rating in a research note issued to investors on Tuesday, Stock Ratings Network reports. They currently have a $17.57 price target on the stock. Midtown Partners’ target price would suggest a potential downside of 13.91% from the company’s current price. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. Analysts at Thomson Reuters/Verus downgraded shares of Nutrisystem from a “buy” rating to a “hold” rating in a research note to investors on Monday. Separately, analysts at Janney Montgomery Scott raised their price target on shares of Nutrisystem from $11.00 to $15.00 in a research note to investors on Tuesday, October 29th. They now have a “neutral” rating on the stock. Finally, analysts at Imperial Capital raised their price target on shares of Nutrisystem from $14.00 to $18.00 in a research note to investors on Tuesday, October 29th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Nutrisystem currently has a consensus rating of “Hold” and a consensus price target of $15.91.
Nutrisystem (NASDAQ:NTRI) traded down 2.11% on Tuesday, hitting $19.98. The stock had a trading volume of 337,175 shares. Nutrisystem has a one year low of $7.18 and a one year high of $20.54. The stock has a 50-day moving average of $15.12 and a 200-day moving average of $11.86. The company has a market cap of $559.1 million and a price-to-earnings ratio of 551.62.
Nutrisystem (NASDAQ:NTRI) last announced its earnings results on Monday, October 28th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.02. The company had revenue of $85.40 million for the quarter, compared to the consensus estimate of $81.30 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts predict that Nutrisystem will post $0.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 18th. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.18 per share. This represents a $0.70 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Tuesday, November 5th.
Nutrisystem, Inc (NASDAQ:NTRI) is a provider of a weight management system.
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