Pricesmart (PSMT) Receives a Buy from Jefferies

Jefferies analyst Pedro Baptista maintained a Buy rating on Pricesmart (PSMT – Research Report) today and set a price target of $90.00. The company’s shares closed yesterday at $78.20.

According to TipRanks, Baptista is ranked #5944 out of 8715 analysts.

Currently, the analyst consensus on Pricesmart is a Moderate Buy with an average price target of $86.00.

The company has a one-year high of $86.90 and a one-year low of $61.37. Currently, Pricesmart has an average volume of 148.2K.

Based on the recent corporate insider activity of 57 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 PSMT in relation to earlier this year.

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Pricesmart (PSMT) Company Description:

PriceSmart, Inc. engages in the international management and operation of membership warehouse clubs. It operates through the following geographical segments: United States Operations, Central American Operations, Caribbean Operations, and Colombia Operations. The United States Operations covers include distribution centers and corporate offices. The Central America Operations segment f covers Panama, Guatemala, Costa Rica, El Salvador, Honduras, and Nicaragua. The Caribbean Operations segment includes Dominican Republic, Aruba, Barbados, Trinidad, U.S. Virgin Islands, and Jamaica. The company was founded by Sol Price and Robert E. Price in 1994 and is headquartered San Diego, CA.