Canaccord Genuity Keeps Their Buy Rating on Central Garden Pet (CENT)
In a report released today, Brian McNamara from Canaccord Genuity reiterated a Buy rating on Central Garden Pet, with a price target of $50.00.
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McNamara covers the Consumer Cyclical sector, focusing on stocks such as SharkNinja, Inc., Holley, and Yeti Holdings. According to TipRanks, McNamara has an average return of -5.2% and a 42.16% success rate on recommended stocks.
Currently, the analyst consensus on Central Garden Pet is a Moderate Buy with an average price target of $40.00.
Based on Central Garden Pet’s latest earnings release for the quarter ending June 28, the company reported a quarterly revenue of $960.91 million and a net profit of $95.01 million. In comparison, last year the company earned a revenue of $996.35 million and had a net profit of $79.72 million
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CENT in relation to earlier this year.
