Cormark Analysts Raise Earnings Estimates for Premium Brands

Premium Brands Holdings Co. (TSE:PBH) – Equities research analysts at Cormark raised their FY2025 earnings per share estimates for shares of Premium Brands in a research note issued on Monday, March 24th. Cormark analyst K. Mcphee now forecasts that the company will post earnings per share of $5.61 for the year, up from their prior forecast of $5.57. The consensus estimate for Premium Brands’ current full-year earnings is $6.04 per share.

A number of other equities research analysts have also recently issued reports on PBH. Ventum Financial lifted their price target on shares of Premium Brands from C$109.00 to C$120.00 and gave the company a “buy” rating in a research note on Monday. BMO Capital Markets lifted their target price on shares of Premium Brands from C$94.00 to C$100.00 and gave the company an “outperform” rating in a research report on Monday. Royal Bank of Canada boosted their target price on shares of Premium Brands from C$96.00 to C$97.00 and gave the stock an “outperform” rating in a research note on Thursday, March 20th. Desjardins decreased their price target on shares of Premium Brands from C$95.00 to C$93.00 and set a “buy” rating on the stock in a research note on Monday. Finally, National Bankshares cut their price objective on Premium Brands from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Premium Brands currently has a consensus rating of “Moderate Buy” and an average price target of C$102.90.

Premium Brands Stock Down 3.7 %

Shares of PBH opened at C$79.34 on Tuesday. The firm has a market cap of C$3.54 billion, a P/E ratio of 35.32, a PEG ratio of 1.10 and a beta of 0.98. Premium Brands has a 12 month low of C$74.00 and a 12 month high of C$97.10. The stock’s 50 day moving average is C$77.87 and its two-hundred day moving average is C$82.80. The company has a current ratio of 1.51, a quick ratio of 1.16 and a debt-to-equity ratio of 163.00.

About Premium Brands

Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. It operates in two segments, Specialty Foods and Premium Food Distribution. The company provides processed meat, deli products, meat snacks, beef jerky and halal, sandwiches, pastries, specialty and gourmet products, entrees, panini, wraps, subs, hamburgers, burgers, salads and kettle products, muffins, breads, pastas, pizza, and baking and sushi products.