Morgan Stanley Raises Price Target on GNC Corp. (GNC)
Analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of GNC Corp. (NYSE: GNC) to $47.00 in a research report issued to clients and investors on Friday. The firm currently has an “overweight” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets raised their price target on shares of GNC Corp. to $46.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase (NYSE: JPM) raised their price target on shares of GNC Corp. from $39.00 to $48.00 in a research note to investors on Thursday.
GNC Corp. traded down 5.15% on Friday, hitting $38.88. GNC Corp. has a 52-week low of $17.92 and a 52-week high of $41.95. The company has a market cap of $4.150 billion and a price-to-earnings ratio of 33.06.
The company last announced its quarterly results on Wednesday, April 25th. It reported $0.60 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.52 EPS by $0.08. The company’s quarterly revenue was up 23.4% on a year-over-year basis. Analysts expect that GNC Corp. will post $0.55 EPS next quarter.
GNC Holdings, Inc. (GNC), formerly GNC Acquisition Holdings Inc., is a holding company. It is a specialty retailer of nutritional supplements.