Benchmark Maintains a 'Buy' on PriceSmart (PSMT); Adjusting Estimates & PT After Q3 Report
Tweet Send to a FriendGet Alerts PSMT Hot Sheet
Price: $89.03 --0%
Rating Summary:
0 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 4 | Down: 10 | New: 6
Rating Summary:
0 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 4 | Down: 10 | New: 6
Trade PSMT Now!
Benchmark maintains a 'Buy' on PriceSmart (NASDAQ: PSMT) price target of $80.00 (from $87.00).
Analyst, Ronald Bookbinder, said, "While PriceSmart’s operating margin declined on one-time costs and a lack of leverage of SG&A, despite double digit comps, management implemented its first membership fee increase in eight years. While
we lowered our 4Q12 EPS to $0.58, from $0.63, we maintained our FY13 EPS of $2.68, as the increase in highly profitable membership fee income offset our more conservative SG&A outlook."
Bookbinder also highlights the Company's recent move into Colombia, which could be a good new market for PSMT. Also, the firm's balance sheet remains strong.
For an analyst ratings summary and ratings history on PriceSmart click here. For more ratings news on PriceSmart click here.
Shares of PriceSmart closed at $66.64 yesterday, with a 52 week range of $51.37-$84.32.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Ronald Bookbinder, said, "While PriceSmart’s operating margin declined on one-time costs and a lack of leverage of SG&A, despite double digit comps, management implemented its first membership fee increase in eight years. While
we lowered our 4Q12 EPS to $0.58, from $0.63, we maintained our FY13 EPS of $2.68, as the increase in highly profitable membership fee income offset our more conservative SG&A outlook."
Bookbinder also highlights the Company's recent move into Colombia, which could be a good new market for PSMT. Also, the firm's balance sheet remains strong.
For an analyst ratings summary and ratings history on PriceSmart click here. For more ratings news on PriceSmart click here.
Shares of PriceSmart closed at $66.64 yesterday, with a 52 week range of $51.37-$84.32.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: UBS Downgrades Carnival (CCL) to Neutral; Worst May Not Be Behind
- Best Buy (BBY) May Show Progress on Earnings Front, UBS Remains Neutral
- Goldman Sachs Upgrades Abbott Labs (ABT) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
