PriceSmart Inc. (PSMT) PT Set at $95.00 by Roth Capital
PriceSmart Inc. (NASDAQ:PSMT) has been assigned a $95.00 price objective by investment analysts at Roth Capital in a research note issued to investors on Tuesday. The firm currently has a a “buy” rating on the stock. Roth Capital’s price objective would indicate a potential upside of 11.15% from the stock’s current price.
Separately, Zacks Investment Research raised shares of PriceSmart from a “sell” rating to a “hold” rating in a research report on Tuesday, June 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $69.33.
PriceSmart (NASDAQ:PSMT) traded down 0.60% during midday trading on Tuesday, reaching $85.47. The company’s stock had a trading volume of 118,903 shares. PriceSmart has a one year low of $68.51 and a one year high of $98.49. The firm has a market cap of $2.55 billion, a P/E ratio of 29.19 and a beta of 1.50. The firm has a 50 day moving average price of $82.94 and a 200 day moving average price of $84.58.
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Several large investors have recently modified their holdings of PSMT. Harding Loevner LP increased its stake in shares of PriceSmart by 0.6% in the second quarter. Harding Loevner LP now owns 85,170 shares of the company’s stock worth $7,969,000 after buying an additional 500 shares during the last quarter. Douglass Winthrop Advisors LLC acquired a new stake in shares of PriceSmart during the second quarter worth about $402,000. GW&K Investment Management LLC increased its stake in shares of PriceSmart by 16.6% in the second quarter. GW&K Investment Management LLC now owns 208,295 shares of the company’s stock worth $19,490,000 after buying an additional 29,601 shares during the last quarter. Avalon Advisors LLC acquired a new stake in shares of PriceSmart during the first quarter worth about $850,000. Finally, Renaissance Technologies LLC increased its stake in shares of PriceSmart by 105.5% in the first quarter. Renaissance Technologies LLC now owns 279,900 shares of the company’s stock worth $23,674,000 after buying an additional 143,700 shares during the last quarter. 72.69% of the stock is owned by hedge funds and other institutional investors.
PriceSmart Company Profile
PriceSmart, Inc (PriceSmart) business consists primarily of international membership shopping warehouse clubs similar to warehouse clubs in the United States. The Company owns and operates United States-style membership shopping warehouse clubs through wholly owned subsidiaries operating in Latin America and the Caribbean using the trade name PriceSmart.
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