Guardian Pharmacy Services, Inc. (NYSE:GRDN) Receives $32.00 Average Target Price from Brokerages

Shares of Guardian Pharmacy Services, Inc. (NYSE:GRDN) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $32.00.

Several research analysts have commented on GRDN shares. Truist Financial lifted their price target on shares of Guardian Pharmacy Services from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Guardian Pharmacy Services in a research report on Monday, December 29th. Wall Street Zen raised shares of Guardian Pharmacy Services from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 17th. Oppenheimer began coverage on shares of Guardian Pharmacy Services in a research report on Friday, October 10th. They set an “outperform” rating and a $30.00 price target for the company. Finally, Stephens lifted their price objective on Guardian Pharmacy Services from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday.

Institutional Trading of Guardian Pharmacy Services

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new position in shares of Guardian Pharmacy Services during the third quarter valued at about $30,000. Parkside Financial Bank & Trust bought a new stake in Guardian Pharmacy Services during the 2nd quarter valued at approximately $41,000. Ameritas Investment Partners Inc. grew its holdings in shares of Guardian Pharmacy Services by 26.5% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 1,647 shares of the company’s stock worth $43,000 after acquiring an additional 345 shares during the period. Raymond James Financial Inc. bought a new position in shares of Guardian Pharmacy Services in the 2nd quarter worth approximately $43,000. Finally, Police & Firemen s Retirement System of New Jersey raised its position in shares of Guardian Pharmacy Services by 76.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 2,444 shares of the company’s stock worth $52,000 after acquiring an additional 1,062 shares in the last quarter.

Guardian Pharmacy Services Stock Down 8.7%

Shares of GRDN stock opened at $26.94 on Wednesday. The business has a 50-day moving average price of $29.95 and a two-hundred day moving average price of $26.43. Guardian Pharmacy Services has a 12-month low of $17.78 and a 12-month high of $37.43. The firm has a market cap of $1.71 billion, a P/E ratio of 42.75 and a beta of 0.96.

Guardian Pharmacy Services (NYSE:GRDN) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $377.43 million for the quarter, compared to analysts’ expectations of $381.16 million. Guardian Pharmacy Services had a return on equity of 30.29% and a net margin of 2.90%. As a group, research analysts expect that Guardian Pharmacy Services will post 0.87 EPS for the current fiscal year.

About Guardian Pharmacy Services

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. The company’s Guardian Compass includes dashboards created using data from its data warehouse to help its local pharmacies plan, track, and optimize their business operations; and GuardianShield Programs for LTCFs.