Jamieson Wellness Inc. (JWEL.TO) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analyst consensus is “Hold”: Of five covering firms, three rate Jamieson Wellness a hold, one rates it a sell and one a buy. The average 12-month price target is C$46.07.
• Recent brokerages generally downgraded the stock, with target prices converging around C$45.75; TD was the only firm to issue a sell rating.
• Jamieson Wellness reported quarterly EPS of C$0.46 on C$233.84 million in revenue and increased its quarterly dividend to C$0.25 per share, implying a 2.2% annual yield.

Jamieson Wellness Inc. (TSE:JWEL - Get Free Report) has received an average recommendation of "Hold" from the five ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$46.07.

Several brokerages have recently issued reports on JWEL. Royal Bank Of Canada cut Jamieson Wellness from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from C$46.00 to C$45.75 in a report on Monday, August 10th. Canaccord Genuity Group downgraded shares of Jamieson Wellness from a "buy" rating to a "hold" rating and raised their price objective for the stock from C$44.50 to C$45.75 in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce downgraded Jamieson Wellness from an "outperformer" rating to a "tender" rating and increased their price target for the stock from C$44.00 to C$45.75 in a research report on Friday, August 7th. National Bank Financial cut Jamieson Wellness from an "outperform" rating to a "tender" rating and lowered their price objective for the stock from C$51.00 to C$45.75 in a research report on Monday, August 31st. Finally, TD lowered shares of Jamieson Wellness from a "hold" rating to a "sell" rating and reduced their price target for the stock from C$49.00 to C$45.75 in a research report on Friday, October 2nd.

Jamieson Wellness Price Performance

Shares of TSE JWEL opened at C$45.49 on Friday. Jamieson Wellness has a twelve month low of C$32.54 and a twelve month high of C$45.88. The company has a quick ratio of 1.08, a current ratio of 3.41 and a debt-to-equity ratio of 93.69. The stock's 50-day simple moving average is C$45.50 and its two-hundred day simple moving average is C$40.49. The firm has a market capitalization of C$1.89 billion, a P/E ratio of 24.86 and a beta of 1.37.

Jamieson Wellness (TSE:JWEL - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.46 EPS for the quarter. Jamieson Wellness had a net margin of 8.92% and a return on equity of 15.93%. The business had revenue of C$233.84 million during the quarter. As a group, equities analysts anticipate that Jamieson Wellness will post 2.14 EPS for the current fiscal year.

Jamieson Wellness Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.25 per share. This is a positive change from Jamieson Wellness's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. Jamieson Wellness's dividend payout ratio (DPR) is presently 50.27%.

About Jamieson Wellness

Jamieson Wellness Inc is engaged in the manufacturing, distributing, and marketing of branded natural health products, including vitamins, minerals, and supplements. The company operates in two segments: The Jamieson brands and The Strategic Partners. The majority of its revenue comes from the Jamieson brand segment. Some of its brands are Jamieson, Progressive, Precision, and Iron Vegan. Geographically, most of its revenue is derived from the domestic market.

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