PriceSmart Inc. (PSMT) PT Set at $95.00 by Roth Capital
PriceSmart Inc. (NASDAQ:PSMT) has been given a $95.00 target price by research analysts at Roth Capital in a report released on Tuesday. The brokerage currently has a a “buy” rating on the stock. Roth Capital’s price objective would suggest a potential upside of 10.48% from the stock’s previous close.
Separately, Zacks Investment Research upgraded 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 assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $69.33.
PriceSmart (NASDAQ:PSMT) traded down 0.797% on Tuesday, hitting $85.305. The stock had a trading volume of 68,857 shares. The firm has a market cap of $2.55 billion, a P/E ratio of 29.134 and a beta of 1.50. The firm’s 50-day moving average price is $82.95 and its 200-day moving average price is $84.58. PriceSmart has a 1-year low of $68.51 and a 1-year high of $98.49.
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Several institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its stake in shares of PriceSmart by 76.4% in the second quarter. Victory Capital Management Inc. now owns 1,150 shares of the company’s stock worth $108,000 after buying an additional 498 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of PriceSmart by 6.2% in the second quarter. Public Employees Retirement System of Ohio now owns 1,162 shares of the company’s stock worth $109,000 after buying an additional 68 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of PriceSmart by 110.4% in the third quarter. BNP Paribas Arbitrage SA now owns 1,643 shares of the company’s stock worth $138,000 after buying an additional 862 shares during the period. Princeton Alpha Management LP acquired a new stake in shares of PriceSmart during the second quarter worth $210,000. Finally, Stevens Capital Management LP acquired a new stake in shares of PriceSmart during the second quarter worth $217,000. Institutional investors own 72.69% of the company’s stock.
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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