Jefferies Group Downgrades GNC Holdings to Hold (GNC)
GNC Holdings (NYSE:GNC) was downgraded by analysts at Jefferies Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. They currently have a $39.00 price objective on the stock. Jefferies Group’s target price suggests a potential upside of 12.36% from the company’s current price.
GNC has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. initiated coverage on shares of GNC Holdings in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $39.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of GNC Holdings in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $39.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.60.
Shares of GNC Holdings (NYSE:GNC) traded down 2.50% during mid-day trading on Thursday, hitting $34.71. 2,675,183 shares of the company’s stock traded hands. GNC Holdings has a one year low of $33.70 and a one year high of $60.98. The stock has a 50-day moving average of $35.63 and a 200-day moving average of $43.95. The company has a market cap of $3.160 billion and a price-to-earnings ratio of 13.01.
GNC Holdings (NYSE:GNC) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts expect that GNC Holdings will post $3.05 EPS for the current fiscal year.
GNC Holdings, Inc (NYSE:GNC) is a holding company.
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