Guardian Pharmacy Services (NYSE:GRDN) Raised to Strong-Buy at Wall Street Zen

Guardian Pharmacy Services (NYSE:GRDN) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

GRDN has been the subject of a number of other reports. Weiss Ratings restated a “sell (d+)” rating on shares of Guardian Pharmacy Services in a report on Wednesday, October 8th. Truist Financial lifted their price objective on Guardian Pharmacy Services from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Finally, Oppenheimer initiated coverage on Guardian Pharmacy Services in a research note on Friday, October 10th. They issued an “outperform” rating and a $30.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Guardian Pharmacy Services presently has an average rating of “Moderate Buy” and a consensus target price of $29.33.

Guardian Pharmacy Services Price Performance

Shares of Guardian Pharmacy Services stock opened at $28.16 on Friday. The business has a 50-day moving average of $26.51 and a 200 day moving average of $23.71. Guardian Pharmacy Services has a 12 month low of $17.29 and a 12 month high of $30.39. The stock has a market capitalization of $1.78 billion and a price-to-earnings ratio of -18.53.

Institutional Investors Weigh In On Guardian Pharmacy Services

Institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue purchased a new stake in Guardian Pharmacy Services during the third quarter worth approximately $30,000. Parkside Financial Bank & Trust purchased a new stake in Guardian Pharmacy Services during the second quarter worth approximately $41,000. Raymond James Financial Inc. purchased a new stake in Guardian Pharmacy Services during the second quarter worth approximately $43,000. Police & Firemen s Retirement System of New Jersey lifted its stake in Guardian Pharmacy Services by 76.8% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 2,444 shares of the company’s stock worth $52,000 after purchasing an additional 1,062 shares during the last quarter. Finally, State of Wyoming purchased a new stake in Guardian Pharmacy Services during the second quarter worth approximately $58,000.

Guardian Pharmacy Services Company Profile

Guardian Pharmacy Services, Inc, a pharmacy service company, provides a suite of technology-enabled services designed to help residents of long-term health care facilities (LTCFs) in the United States. Its individualized clinical, drug dispensing, and administration capabilities are used to serve the needs of residents in lower acuity LTCFs, such as assisted living facilities and behavioral health facilities and group homes.