Argus Starts Nutrisystem (NTRI) at Buy

November 11, 2016 7:51 AM EST
Get Alerts NTRI Hot Sheet
Price: $37.23 -0.72%

Rating Summary:
    7 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 36 | New: 11
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Argus initiates coverage on Nutrisystem (NASDAQ: NTRI) with a Buy rating and a price target of $40.00.

"Although Nutrisystem operates in a highly competitive field, it has a well-regarded brand and is expanding its business through acquisitions and new product offerings," the analyst said.

The firm is setting a 2016 adjusted EPS forecast of $1.18, up 33% from $0.89 in 2015, on a 23% increase in sales. In 2017, they look for EPS to increase by 23%, to $1.45, on an 18% increase in sales. Their five-year earnings growth rate forecast is 22%.

For an analyst ratings summary and ratings history on Nutrisystem click here. For more ratings news on Nutrisystem click here.

Shares of Nutrisystem closed at $33.95 yesterday.

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