Great Lakes Dredge & Dock Corp. Downgrades GNC Holdings to Hold (GNC)
GNC Holdings (NYSE:GNC) was downgraded by equities researchers at Great Lakes Dredge & Dock Corp. from a “gradually accumulate” rating to a “hold” rating in a research report issued on Wednesday, American Banking and Market News reports.
Shares of GNC Holdings (NYSE:GNC) traded down 17.18% during mid-day trading on Wednesday, hitting $36.15. 7,674,791 shares of the company’s stock traded hands. GNC Holdings has a 52 week low of $42.54 and a 52 week high of $60.98. The stock’s 50-day moving average is $44.73 and its 200-day moving average is $51.99. The company has a market cap of $3.404 billion and a P/E ratio of 16.05.
GNC Holdings (NYSE:GNC) last issued its quarterly earnings data 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. Shareholders 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 1.47%. The ex-dividend date is Wednesday, June 11th.
A number of other analysts have also recently weighed in on GNC. Analysts at Gabelli downgraded shares of GNC Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday. Separately, analysts at Longbow Research downgraded shares of GNC Holdings from a “buy” rating to a “neutral” rating in a research note on Wednesday. They now have a $52.00 price target on the stock. Finally, analysts at Deutsche Bank downgraded shares of GNC Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday. They now have a $40.00 price target on the stock, down previously from $55.00. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $53.63.
GNC Holdings, Inc (NYSE:GNC) is a holding company.
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