TheStreet Analysts Begin Coverage on GNC Corp. (GNC)

By admin | 6 years ago

Investment analysts at TheStreet assumed coverage on shares of GNC Corp. (NYSE: GNC) in a note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

Shares of GNC Corp. traded down 2.11% during mid-day trading on Wednesday, hitting $38.47. GNC Corp. has a one year low of $17.92 and a one year high of $41.95. The company has a market cap of $4.070 billion and a P/E ratio of 22.72.

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. On average, analysts predict that GNC Corp. will post $0.55 earnings per share next quarter.

A number of other analysts have also recently weighed in on GNC. Analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of GNC Corp. to $47.00 in a research note to investors on Friday, April 27th. They now have an “overweight” rating on the stock. Separately, 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, April 26th. They now have an “outperform” rating on the stock. Finally, 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, April 26th.

GNC Holdings, Inc. (GNC), formerly GNC Acquisition Holdings Inc., is a holding company. It is a specialty retailer of nutritional supplements.

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