Central Garden Rating Lowered to Neutral at Zacks (CENT)
Central Garden (NASDAQ:CENT) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Friday. They currently have a $9.50 price target on the stock. Zacks‘s price objective points to a potential upside of 6.03% from the stock’s previous close.
Central Garden (NASDAQ:CENT) traded up 0.33% on Friday, hitting $8.99. The stock had a trading volume of 74,287 shares. Central Garden has a one year low of $6.00 and a one year high of $9.00. The stock has a 50-day moving average of $7.97 and a 200-day moving average of $7.4. The company’s market cap is $453.5 million.
Central Garden (NASDAQ:CENT) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $0.04. The company had revenue of $501.60 million for the quarter, compared to the consensus estimate of $498.50 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. Analysts expect that Central Garden will post $0.29 EPS for the current fiscal year.
Central Garden & Pet Company (NASDAQ:CENT) is a marketer and producer of branded products.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.