Jefferies Group Lowers Prestige Brands Holdings Price Target to $26.00 (PBH)
Equities researchers at Jefferies Group dropped their target price on shares of Prestige Brands Holdings (NYSE:PBH) from $30.00 to $26.00 in a research report issued on Friday, StockRatingsNetwork reports. Jefferies Group’s price target would indicate a potential downside of 5.04% from the company’s current price.
Prestige Brands Holdings (NYSE:PBH) traded up 3.95% on Friday, hitting $27.38. The stock had a trading volume of 1,382,510 shares. Prestige Brands Holdings has a 52 week low of $23.04 and a 52 week high of $36.69. The stock has a 50-day moving average of $32.85 and a 200-day moving average of $32.77. The company has a market cap of $1.416 billion and a price-to-earnings ratio of 16.04.
Prestige Brands Holdings (NYSE:PBH) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.30 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.39 by $0.09. The company had revenue of $146.20 million for the quarter, compared to the consensus estimate of $155.88 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was down 8.7% on a year-over-year basis.
Separately, analysts at Oppenheimer cut their price target on shares of Prestige Brands Holdings from $39.00 to $32.00 in a research note to investors on Friday. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $35.64.
Prestige Brands Holdings, Inc (NYSE:PBH) is a holding company.
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