In a report released today, Hector Maya from Scotiabank maintained a Hold rating on Pricesmart (PSMT – Research Report), with a price target of $82.00. The company’s shares closed yesterday at $72.94.
Pricesmart has an analyst consensus of Moderate Buy, with a price target consensus of $82.00.
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Based on Pricesmart’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $1.17 billion and a net profit of $38.05 million. In comparison, last year the company earned a revenue of $1.05 billion and had a net profit of $32.91 million
Based on the recent corporate insider activity of 69 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.
Read More on PSMT:
- PRICESMART ANNOUNCES FISCAL 2024 FIRST QUARTER OPERATING RESULTS
- Options Volatility and Implied Earnings Moves This Week, January 08 – January 12, 2024
- PSMT Earnings this Week: How Will it Perform?
- There’s an Opportunity in the Latin American Consumer Sector, Says Jefferies – Here Are 2 Stocks to Take Advantage
- PriceSmart initiated with a Buy at Jefferies
