Premium Brands Holdings Co. (TSE:PBH) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Premium Brands Holdings Co. (TSE:PBH) has earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$120.13.

A number of research firms have recently issued reports on PBH. Scotiabank upped their price objective on Premium Brands from C$121.00 to C$130.00 and gave the stock an “outperform” rating in a report on Monday, July 24th. CIBC lowered their target price on Premium Brands from C$114.00 to C$110.00 in a research note on Wednesday, August 16th. National Bank Financial lowered Premium Brands from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Monday, August 14th. TD Securities boosted their target price on Premium Brands from C$125.00 to C$135.00 and gave the company a “buy” rating in a research note on Tuesday, August 15th. Finally, Royal Bank of Canada boosted their target price on Premium Brands from C$104.00 to C$110.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 15th.

Premium Brands Price Performance

Premium Brands stock opened at C$103.68 on Tuesday. Premium Brands has a 52 week low of C$77.36 and a 52 week high of C$113.60. The business has a 50-day simple moving average of C$106.28 and a 200 day simple moving average of C$102.09. The company has a quick ratio of 1.16, a current ratio of 2.44 and a debt-to-equity ratio of 152.95. The stock has a market cap of C$4.63 billion, a price-to-earnings ratio of 40.66, a PEG ratio of 1.10 and a beta of 0.98.

Premium Brands (TSE:PBH) last posted its earnings results on Monday, August 14th. The company reported C$1.27 EPS for the quarter, missing the consensus estimate of C$1.28 by C($0.01). Premium Brands had a return on equity of 6.41% and a net margin of 1.81%. The business had revenue of C$1.63 billion for the quarter, compared to analysts’ expectations of C$1.66 billion. On average, research analysts forecast that Premium Brands will post 5.5374593 earnings per share for the current fiscal year.

Premium Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.77 per share. The ex-dividend date is Thursday, September 28th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.97%. Premium Brands’s dividend payout ratio (DPR) is 120.78%.

Premium Brands Company Profile

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, and baking and sushi products.