Guardian Pharmacy Services (NYSE:GRDN) Stock Price Expected to Rise, Truist Financial Analyst Says

Key Points

• Truist Financial has raised its price target for Guardian Pharmacy Services from $28.00 to $30.00, suggesting a potential upside of 16.28% based on recent closing prices.
• Wall Street Zen upgraded Guardian Pharmacy Services from a "hold" to a "strong-buy" rating, with the stock currently having an average rating of "Buy" among three research analysts.
• During midday trading on Friday, GRDN stock increased by 1.4%, reaching $25.80, with a market capitalization of $1.63 billion.

Guardian Pharmacy Services (NYSE:GRDN - Get Free Report) had its price target raised by Truist Financial from $28.00 to $30.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Truist Financial's price objective would indicate a potential upside of 16.28% from the company's previous close.

Separately, Wall Street Zen raised shares of Guardian Pharmacy Services from a "hold" rating to a "strong-buy" rating in a report on Sunday, August 17th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $26.33.

Guardian Pharmacy Services Stock Up 1.4%

GRDN stock traded up $0.35 during mid-day trading on Friday, hitting $25.80. The company had a trading volume of 32,591 shares, compared to its average volume of 197,037. The company has a market capitalization of $1.63 billion and a price-to-earnings ratio of -16.98. Guardian Pharmacy Services has a 12-month low of $15.52 and a 12-month high of $30.39. The company has a 50-day moving average price of $24.46 and a 200 day moving average price of $22.82.

Institutional Trading of Guardian Pharmacy Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRDN. BNP Paribas Financial Markets purchased a new stake in Guardian Pharmacy Services in the 4th quarter worth about $37,000. Parkside Financial Bank & Trust purchased a new stake in Guardian Pharmacy Services in the 2nd quarter worth about $41,000. Raymond James Financial Inc. purchased a new stake in Guardian Pharmacy Services in the 2nd quarter worth about $43,000. Police & Firemen s Retirement System of New Jersey raised its position in Guardian Pharmacy Services by 76.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 2,444 shares of the company's stock worth $52,000 after purchasing an additional 1,062 shares during the period. Finally, State of Wyoming bought a new position in Guardian Pharmacy Services in the 2nd quarter worth about $58,000.

About Guardian Pharmacy Services

Guardian Pharmacy Services, Inc, a pharmacy service company, provides a suite of technology-enabled services designed to help residents of long-term health care facilities (LTCFs) in the United States. Its individualized clinical, drug dispensing, and administration capabilities are used to serve the needs of residents in lower acuity LTCFs, such as assisted living facilities and behavioral health facilities and group homes.

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