In a report released on May 15, W. Andrew Carter from Stifel Nicolaus maintained a Hold rating on Hydrofarm Holdings Group (HYFM – Research Report), with a price target of $1.45. The company’s shares closed yesterday at $0.98.
According to TipRanks, Andrew Carter is ranked #4667 out of 8334 analysts.
Hydrofarm Holdings Group has an analyst consensus of Hold, with a price target consensus of $1.57, which is a 60.55% upside from current levels. In a report released yesterday, UBS also maintained a Hold rating on the stock with a $1.25 price target.
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Based on Hydrofarm Holdings Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $62.18 million and a GAAP net loss of $16.85 million. In comparison, last year the company earned a revenue of $111.38 million and had a GAAP net loss of $23.3 million
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Hydrofarm Holdings Group Inc is a distributor and manufacturer of agriculture equipment and supplies. Some of its products include Grow Light Ballasts, Fluorescent Lighting, Pumps and Irrigation, Meters and solutions and Hydro Systems.
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