GNC Holdings Rating Lowered to Neutral at Wedbush (GNC)
GNC Holdings (NYSE:GNC) was downgraded by stock analysts at Wedbush from an “outperform” rating to a “neutral” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports. They currently have a $44.00 target price on the stock, down from their previous target price of $62.00. Wedbush’s price target would indicate a potential upside of 16.56% from the stock’s previous close.
GNC Holdings (NYSE:GNC) traded down 13.52% during mid-day trading on Wednesday, hitting $37.75. 15,736,202 shares of the company’s stock traded hands. GNC Holdings has a 1-year low of $35.26 and a 1-year high of $60.98. The stock’s 50-day moving average is $44.53 and its 200-day moving average is $51.89. The company has a market cap of $3.555 billion and a price-to-earnings ratio of 16.05.
GNC Holdings (NYSE:GNC) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.75 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.76 by $0.01. The company had revenue of $677.28 million for the quarter, compared to the consensus estimate of $695.89 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts expect that GNC Holdings will post $3.20 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Wednesday, June 11th.
A number of other analysts have also recently weighed in on GNC. Analysts at Credit Suisse downgraded shares of GNC Holdings from an “outperform” rating to a “neutral” rating in a research note on Monday, March 17th. They now have a $51.00 price target on the stock, down previously from $65.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of GNC Holdings in a research note on Friday, February 14th. They now have a $55.00 price target on the stock, down previously from $62.00. Finally, analysts at Jefferies Group cut their EPS estimates on shares of GNC Holdings in a research note on Friday. They now have a “buy” rating and a $57.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $51.22.
GNC Holdings, Inc (NYSE:GNC) is a holding company.
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