Premium Brands (TSE:PBH – Free Report) had its target price trimmed by ATB Cormark Capital Markets from C$150.00 to C$130.00 in a research note released on Friday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
A number of other analysts also recently issued reports on the company. BMO Capital Markets dropped their price target on Premium Brands from C$118.00 to C$111.00 in a research report on Friday. National Bank Financial decreased their price objective on shares of Premium Brands from C$108.00 to C$98.00 and set a “sector perform” rating on the stock in a research report on Friday. TD lowered their target price on shares of Premium Brands from C$140.00 to C$130.00 and set a “buy” rating on the stock in a research note on Friday. Ventum Capital lifted their target price on shares of Premium Brands from C$124.00 to C$128.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Desjardins cut their price target on shares of Premium Brands from C$120.00 to C$110.00 and set a “buy” rating for the company in a research note on Friday. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Premium Brands has a consensus rating of “Moderate Buy” and a consensus price target of C$116.25.
Get Our Latest Stock Report on Premium Brands
Premium Brands Price Performance
Premium Brands (TSE:PBH – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported C$1.53 EPS for the quarter. The business had revenue of C$2.38 billion during the quarter. Premium Brands had a return on equity of 2.21% and a net margin of 0.52%. On average, research analysts expect that Premium Brands will post 6.039823 EPS for the current fiscal year.
Key Premium Brands News
Here are the key news stories impacting Premium Brands this week:
- Positive Sentiment: Premium Brands reported record second-quarter sales, adjusted EBITDA and adjusted earnings, and declared a third-quarter dividend. The company separately reported quarterly revenue of C$2.38 billion and EPS of C$1.53. Premium Brands second-quarter results
- Positive Sentiment: Several analysts retained constructive ratings following the results. ATB Cormark and TD maintained “outperform” or “buy” views with C$130 targets, while RBC kept an “outperform” rating and a C$120 target. Other retained positive ratings included Ventum, Desjardins and Stifel. Analyst rating changes
- Neutral Sentiment: Even after the revisions, the published targets imply approximately 16.9% to 55.1% potential upside from the reported C$83.84 share price, suggesting analysts still view the stock as undervalued if earnings growth and profitability improve.
- Negative Sentiment: Every listed analyst lowered its price target: Canaccord Genuity to C$117, National Bank to C$98, Scotia to C$105, BMO to C$111, ATB Cormark to C$130, Ventum to C$127, CIBC to C$100, RBC to C$120, TD to C$130, Desjardins to C$110 and Stifel to C$105. The widespread reductions signal more cautious expectations despite the remaining bullish ratings. Premium Brands analyst revisions
Premium Brands Company Profile
Premium Brands Holdings Corp is engaged in specialty food manufacturing, premium food distribution, and wholesale businesses with operations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nevada, and Washington State. The company’s business segments include Specialty Foods, Premium Food Distribution, and Corporate. The Specialty Foods segment consists of its specialty food manufacturing businesses, which contributes about two-thirds of the group revenue; the Premium Food Distribution segment consists of the company’s distribution and wholesale businesses; the Corporate segment includes the company’s head office activities along with its finance and information systems.
Recommended Stories
- Five stocks we like better than Premium Brands
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
Receive News & Ratings for Premium Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premium Brands and related companies with MarketBeat.com's FREE daily email newsletter.
