Prestige Brands Holdings Downgraded to Neutral at Zacks (PBH)
Prestige Brands Holdings (NYSE:PBH) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Monday. They currently have a $37.80 price target on the stock. Zacks‘s target price indicates a potential upside of 13.45% from the company’s current price.
Prestige Brands Holdings (NYSE:PBH) traded up 0.90% on Monday, hitting $33.62. The stock had a trading volume of 90,004 shares. Prestige Brands Holdings has a 1-year low of $24.94 and a 1-year high of $36.69. The stock’s 50-day moving average is $33.99 and its 200-day moving average is $31.37. The company has a market cap of $1.742 billion and a P/E ratio of 23.97.
Prestige Brands Holdings (NYSE:PBH) last released its earnings data on Thursday, May 15th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $144.30 million for the quarter, compared to the consensus estimate of $147.60 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. Analysts expect that Prestige Brands Holdings will post $1.79 EPS for the current fiscal year.
A number of other firms have also recently commented on PBH. Analysts at Jefferies Group raised their price target on shares of Prestige Brands Holdings from $26.00 to $27.00 in a research note on Monday, April 28th. They now have a “hold” rating on the stock. Separately, analysts at B. Riley raised their price target on shares of Prestige Brands Holdings from $43.00 to $57.00 in a research note on Monday, April 28th. They now have a “buy” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Prestige Brands Holdings from $32.00 to $37.00 in a research note on Monday, April 28th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $38.47.
Prestige Brands Holdings, Inc (NYSE:PBH) is a holding company.
To view Zacks’ full report, visit Zacks’ official website.