Jamieson Wellness Inc. (TSE:JWEL) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analyst consensus is “Hold”: Four of five covering brokerages rate Jamieson Wellness a hold, while one recommends buying. The average 12-month price target is C$46.54, close to the stock’s C$45.41 opening price.
• Several firms recently downgraded the company from buy or outperform to hold or tender, although most raised their price targets to approximately C$45.75–C$49.00.
• Jamieson increased its quarterly dividend to C$0.25 per share, implying an annualized C$1.00 payout and a 2.2% yield. The company recently reported quarterly EPS of C$0.46 on revenue of C$233.84 million.

Jamieson Wellness Inc. (TSE:JWEL - Get Free Report) has been assigned an average recommendation of "Hold" from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$46.54.

JWEL has been the subject of several research reports. National Bank Financial cut shares of Jamieson Wellness from an "outperform" rating to a "tender" rating and decreased their price objective for the company from C$51.00 to C$45.75 in a report on Monday. TD cut shares of Jamieson Wellness from a "buy" rating to a "hold" rating and raised their target price for the stock from C$48.00 to C$49.00 in a report on Monday, August 10th. Canaccord Genuity Group downgraded shares of Jamieson Wellness from a "buy" rating to a "hold" rating and lifted their target price for the stock from C$44.50 to C$45.75 in a research report on Monday, August 10th. Stifel Nicolaus lowered shares of Jamieson Wellness from a "buy" rating to a "hold" rating and boosted their target price for the company from C$45.00 to C$45.75 in a research note on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce cut Jamieson Wellness from an "outperformer" rating to a "tender" rating and increased their price target for the company from C$44.00 to C$45.75 in a report on Friday, August 7th.

Jamieson Wellness Trading Up 0.0%

Jamieson Wellness stock opened at C$45.41 on Friday. The company has a debt-to-equity ratio of 93.69, a current ratio of 3.41 and a quick ratio of 1.08. Jamieson Wellness has a one year low of C$32.54 and a one year high of C$45.88. The stock has a market capitalization of C$1.88 billion, a PE ratio of 24.81 and a beta of 1.48. The business's fifty day moving average is C$43.20 and its 200 day moving average is C$38.06.

Jamieson Wellness (TSE:JWEL - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported C$0.46 earnings per share for the quarter. The business had revenue of C$233.84 million during the quarter. Jamieson Wellness had a return on equity of 15.93% and a net margin of 8.92%. On average, sell-side analysts predict that Jamieson Wellness will post 2.1438892 EPS for the current year.

Jamieson Wellness Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. This is a boost from Jamieson Wellness's previous quarterly dividend of $0.23. The ex-dividend date is Monday, August 31st. Jamieson Wellness's dividend payout ratio (DPR) is currently 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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