Craig Hallum Downgrades Town Sports International Holdings to Hold (CLUB)
Town Sports International Holdings (NASDAQ:CLUB) was downgraded by investment analysts at Craig Hallum from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
Separately, analysts at Wedbush upgraded shares of Town Sports International Holdings from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, October 21st. They now have a $16.00 price target on the stock, up previously from $12.00.
Shares of Town Sports International Holdings (NASDAQ:CLUB) opened at 12.81 on Tuesday. Town Sports International Holdings has a one year low of $8.91 and a one year high of $14.96. The stock’s 50-day moving average is $13.69 and its 200-day moving average is $12.66. The company has a market cap of $308.8 million and a P/E ratio of 26.67.
Town Sports International Holdings (NASDAQ:CLUB) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.01. The company had revenue of $117.04 million for the quarter, compared to the consensus estimate of $118.98 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. Analysts expect that Town Sports International Holdings will post $0.55 EPS for the current fiscal year.
Town Sports International Holdings, Inc (NASDAQ:CLUB) is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States.
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