Cormark Brokers Raise Earnings Estimates for Premium Brands

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

Several other equities analysts have also commented on the company. Royal Bank of Canada increased their target price on Premium Brands from C$96.00 to C$97.00 and gave the company an “outperform” rating in a report on Thursday, March 20th. Desjardins dropped their price objective on Premium Brands from C$95.00 to C$93.00 and set a “buy” rating on the stock in a report on Monday. National Bankshares decreased their target price 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. BMO Capital Markets increased their price target on shares of Premium Brands from C$94.00 to C$100.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Ventum Financial raised their price objective on shares of Premium Brands from C$109.00 to C$120.00 and gave the stock a “buy” rating in a report on Monday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Premium Brands has an average rating of “Moderate Buy” and a consensus target price of C$102.90.

Premium Brands Trading Up 0.6 %

Shares of TSE:PBH opened at C$79.22 on Tuesday. Premium Brands has a 52 week low of C$74.00 and a 52 week high of C$97.10. The company’s 50 day moving average is C$77.77 and its two-hundred day moving average is C$82.88. The company has a market cap of C$3.53 billion, a PE ratio of 35.27, a P/E/G ratio of 1.10 and a beta of 0.98. 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.