PriceSmart Inc. (PSMT) Given a $95.00 Price Target at Roth Capital
Separately, Zacks Investment Research raised PriceSmart from a sell rating to a hold rating in a report on Tuesday, September 13th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $69.33.
PriceSmart (NASDAQ:PSMT) opened at 86.02 on Tuesday. The company has a market cap of $2.57 billion, a P/E ratio of 29.38 and a beta of 1.50. The firm has a 50-day moving average price of $83.04 and a 200-day moving average price of $84.62. PriceSmart has a 52 week low of $68.51 and a 52 week high of $98.49.
Hedge funds have recently modified their holdings of the company. Bank of Montreal Can bought a new stake in PriceSmart during the second quarter valued at about $60,005,000. Emerald Acquisition Ltd. bought a new stake in PriceSmart during the second quarter valued at about $16,624,000. Genesis Asset Managers LLP bought a new stake in PriceSmart during the third quarter valued at about $13,781,000. Renaissance Technologies LLC raised its stake in PriceSmart by 105.5% in the first quarter. Renaissance Technologies LLC now owns 279,900 shares of the company’s stock valued at $23,674,000 after buying an additional 143,700 shares in the last quarter. Finally, Franklin Resources Inc. bought a new stake in PriceSmart during the second quarter valued at about $6,220,000. 73.23% of the stock is owned by institutional investors.
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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