PriceSmart Upgraded to “Buy” by Roth Capital (PSMT)
PriceSmart (NASDAQ:PSMT) was upgraded by stock analysts at Roth Capital from a “neutral” rating to a “buy” rating in a report issued on Monday, TheFlyOnTheWall.com reports. The firm currently has a $108.00 price target on the stock, up from their previous price target of $105.00. Roth Capital’s price target suggests a potential upside of 14.47% from the stock’s previous close.
Separately, analysts at Benchmark Co. cut their price target on shares of PriceSmart from $100.00 to $90.00 in a research note on Friday.
Shares of PriceSmart (NASDAQ:PSMT) traded up 1.76% during mid-day trading on Monday, hitting $94.35. The stock had a trading volume of 350,901 shares. PriceSmart has a 1-year low of $82.39 and a 1-year high of $126.64. The stock’s 50-day moving average is $102.9 and its 200-day moving average is $105.8. The company has a market cap of $2.803 billion and a P/E ratio of 31.54.
PriceSmart (NASDAQ:PSMT) last announced its earnings results on Wednesday, April 9th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. The company had revenue of $674.10 million for the quarter, compared to the consensus estimate of $678.91 million. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts predict that PriceSmart will post $3.15 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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