Guardian Pharmacy Services, Inc. (NYSE:GRDN) Given Average Rating of “Moderate Buy” by Brokerages

Guardian Pharmacy Services, Inc. (NYSE:GRDN) has been given a consensus rating of “Moderate Buy” by the five brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $32.00.

Several research firms have recently weighed in on GRDN. Truist Financial upped their price objective on Guardian Pharmacy Services from $30.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Wall Street Zen raised Guardian Pharmacy Services from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Guardian Pharmacy Services in a report on Monday, December 29th. Finally, Stephens boosted their price objective on shares of Guardian Pharmacy Services from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th.

Hedge Funds Weigh In On Guardian Pharmacy Services

Several hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. grew its position in shares of Guardian Pharmacy Services by 26.5% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 1,647 shares of the company’s stock valued at $43,000 after acquiring an additional 345 shares during the period. Envestnet Asset Management Inc. lifted its stake in Guardian Pharmacy Services by 7.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,126 shares of the company’s stock valued at $258,000 after purchasing an additional 805 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its holdings 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 period. State of Alaska Department of Revenue bought a new position in Guardian Pharmacy Services during the third quarter worth about $30,000. Finally, Allspring Global Investments Holdings LLC increased its position in Guardian Pharmacy Services by 0.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 285,885 shares of the company’s stock worth $6,092,000 after buying an additional 1,338 shares during the last quarter.

Guardian Pharmacy Services Stock Up 2.9%

Shares of GRDN stock opened at $33.84 on Friday. Guardian Pharmacy Services has a 12-month low of $17.78 and a 12-month high of $37.43. The firm has a fifty day moving average of $30.38 and a 200-day moving average of $27.51. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 53.71 and a beta of 0.96.

Guardian Pharmacy Services (NYSE:GRDN) last announced its earnings results on Monday, November 10th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $377.43 million during the quarter, compared to analyst estimates of $381.16 million. Guardian Pharmacy Services had a net margin of 2.90% and a return on equity of 30.29%. On average, equities analysts expect that Guardian Pharmacy Services will post 0.87 EPS for the current 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.