Driven Brands Holdings Inc. (NASDAQ:DRVN – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $25.90.
Several research firms recently commented on DRVN. The Goldman Sachs Group decreased their target price on Driven Brands from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. Piper Sandler decreased their target price on Driven Brands from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. William Blair cut Driven Brands from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 2nd. Barclays decreased their target price on Driven Brands from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, September 22nd. Finally, Morgan Stanley decreased their target price on Driven Brands from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd.
Institutional Inflows and Outflows
Driven Brands Trading Down 0.3 %
Shares of DRVN stock opened at $11.46 on Friday. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of -2.68, a PEG ratio of 1.94 and a beta of 1.04. The stock has a 50-day moving average of $12.33 and a 200-day moving average of $20.00. The company has a current ratio of 1.18, a quick ratio of 1.02 and a debt-to-equity ratio of 1.59. Driven Brands has a 1-year low of $10.60 and a 1-year high of $32.61.
About Driven Brands
Driven Brands Holdings Inc, together with its subsidiaries, provides automotive services to retail and commercial customers in the United States, Canada, and internationally. The company offers various services, such as paint, collision, glass, vehicle repair, car wash, oil change, and maintenance services.
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