6. CLEAN WATER AND SANITATION

Truist Financial Boosts Central Garden & Pet (NASDAQ:CENTA) Price Target to $60.00

Written by Amanda

Central Garden & Pet (NASDAQ:CENTAGet Free Report) had its target price raised by research analysts at Truist Financial from $50.00 to $60.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 67.13% from the company’s previous close.

Several other analysts have also recently commented on the company. StockNews.com upgraded Central Garden & Pet from a “hold” rating to a “buy” rating in a report on Thursday. TheStreet cut Central Garden & Pet from a “b” rating to a “c+” rating in a report on Tuesday, November 21st. Finally, JPMorgan Chase & Co. raised their price target on Central Garden & Pet from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.00.

View Our Latest Stock Analysis on CENTA

Central Garden & Pet Stock Performance

Shares of CENTA traded up $1.25 on Friday, reaching $35.90. 515,620 shares of the stock traded hands, compared to its average volume of 255,870. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 14.25 and a beta of 0.64. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.73 and a quick ratio of 1.90. Central Garden & Pet has a 12 month low of $27.02 and a 12 month high of $39.55. The stock’s 50-day moving average price is $37.88 and its 200-day moving average price is $34.04.

Central Garden & Pet (NASDAQ:CENTAGet Free Report) last released its quarterly earnings data on Monday, November 20th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. Central Garden & Pet had a return on equity of 10.37% and a net margin of 4.06%. The firm had revenue of $750.15 million during the quarter, compared to analyst estimates of $731.81 million. During the same period in the prior year, the company posted ($0.03) earnings per share. Equities analysts forecast that Central Garden & Pet will post 2.53 EPS for the current fiscal year.

Insider Transactions at Central Garden & Pet

In other news, Director John Ranelli sold 4,375 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $23.18, for a total transaction of $101,416.00. Following the sale, the director now owns 227 shares of the company’s stock, valued at $5,262.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider John Edward Hanson sold 9,375 shares of Central Garden & Pet stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $25.11, for a total value of $235,380.00. Following the sale, the insider now owns 53,918 shares of the company’s stock, valued at approximately $1,353,730.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Ranelli sold 4,375 shares of Central Garden & Pet stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $23.18, for a total value of $101,416.00. Following the completion of the sale, the director now directly owns 227 shares in the company, valued at approximately $5,262.04. The disclosure for this sale can be found here. 20.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Central Garden & Pet

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in Central Garden & Pet in the fourth quarter valued at approximately $35,000. Point72 Hong Kong Ltd bought a new position in Central Garden & Pet in the second quarter valued at approximately $42,000. Exchange Traded Concepts LLC grew its stake in Central Garden & Pet by 538.6% in the third quarter. Exchange Traded Concepts LLC now owns 1,456 shares of the company’s stock valued at $58,000 after purchasing an additional 1,228 shares in the last quarter. State of Wyoming grew its stake in Central Garden & Pet by 66.8% in the second quarter. State of Wyoming now owns 1,583 shares of the company’s stock valued at $58,000 after purchasing an additional 634 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Central Garden & Pet during the 2nd quarter worth approximately $100,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Central Garden & Pet Company Profile

(Get Free Report)

Central Garden & Pet Company produces and distributes various products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments: Pet and Garden. The Pet segment provides dog and cat supplies, such as dog treats and chews, toys, pet beds and containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Central Garden & Pet, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Central Garden & Pet wasn’t on the list.

While Central Garden & Pet currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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Source: marketbeat.com

Central Garden & Pet (NASDAQ:CENTAGet Free Report) had its target price raised by research analysts at Truist Financial from $50.00 to $60.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 67.13% from the company’s previous close.

Several other analysts have also recently commented on the company. StockNews.com upgraded Central Garden & Pet from a “hold” rating to a “buy” rating in a report on Thursday. TheStreet cut Central Garden & Pet from a “b” rating to a “c+” rating in a report on Tuesday, November 21st. Finally, JPMorgan Chase & Co. raised their price target on Central Garden & Pet from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $45.00.

View Our Latest Stock Analysis on CENTA

Central Garden & Pet Stock Performance

Shares of CENTA traded up $1.25 on Friday, reaching $35.90. 515,620 shares of the stock traded hands, compared to its average volume of 255,870. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 14.25 and a beta of 0.64. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.73 and a quick ratio of 1.90. Central Garden & Pet has a 12 month low of $27.02 and a 12 month high of $39.55. The stock’s 50-day moving average price is $37.88 and its 200-day moving average price is $34.04.

Central Garden & Pet (NASDAQ:CENTAGet Free Report) last released its quarterly earnings data on Monday, November 20th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. Central Garden & Pet had a return on equity of 10.37% and a net margin of 4.06%. The firm had revenue of $750.15 million during the quarter, compared to analyst estimates of $731.81 million. During the same period in the prior year, the company posted ($0.03) earnings per share. Equities analysts forecast that Central Garden & Pet will post 2.53 EPS for the current fiscal year.

Insider Transactions at Central Garden & Pet

In other news, Director John Ranelli sold 4,375 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $23.18, for a total transaction of $101,416.00. Following the sale, the director now owns 227 shares of the company’s stock, valued at $5,262.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider John Edward Hanson sold 9,375 shares of Central Garden & Pet stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $25.11, for a total value of $235,380.00. Following the sale, the insider now owns 53,918 shares of the company’s stock, valued at approximately $1,353,730.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Ranelli sold 4,375 shares of Central Garden & Pet stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $23.18, for a total value of $101,416.00. Following the completion of the sale, the director now directly owns 227 shares in the company, valued at approximately $5,262.04. The disclosure for this sale can be found here. 20.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Central Garden & Pet

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in Central Garden & Pet in the fourth quarter valued at approximately $35,000. Point72 Hong Kong Ltd bought a new position in Central Garden & Pet in the second quarter valued at approximately $42,000. Exchange Traded Concepts LLC grew its stake in Central Garden & Pet by 538.6% in the third quarter. Exchange Traded Concepts LLC now owns 1,456 shares of the company’s stock valued at $58,000 after purchasing an additional 1,228 shares in the last quarter. State of Wyoming grew its stake in Central Garden & Pet by 66.8% in the second quarter. State of Wyoming now owns 1,583 shares of the company’s stock valued at $58,000 after purchasing an additional 634 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Central Garden & Pet during the 2nd quarter worth approximately $100,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Central Garden & Pet Company Profile

(Get Free Report)

Central Garden & Pet Company produces and distributes various products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments: Pet and Garden. The Pet segment provides dog and cat supplies, such as dog treats and chews, toys, pet beds and containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.

Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Central Garden & Pet, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Central Garden & Pet wasn’t on the list.

While Central Garden & Pet currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide to Pot Stock Investing Cover

Click the link below and we’ll send you MarketBeat’s guide to pot stock investing and which pot companies show the most promise.

Get This Free Report

Source: marketbeat.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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