Jamieson Wellness (TSE:JWEL) Downgraded by TD to Hold

Key Points

• TD downgraded Jamieson Wellness from “Buy” to “Hold,” while raising its price target to C$49 from C$48—implying 7.55% potential upside.
• Other analysts also became more cautious, with CIBC and Stifel Nicolaus issuing downgrades. The stock now has a consensus “Hold” rating and an average target price of C$46.43.
• JWEL shares traded near a 52-week high at C$45.56, with a C$1.89 billion market capitalization; the company reported quarterly revenue of C$233.84 million and EPS of C$0.46.

Jamieson Wellness (TSE:JWEL - Get Free Report) was downgraded by equities research analysts at TD from a "buy" rating to a "hold" rating in a research note issued on Monday,BayStreet.CA reports. They currently have a C$49.00 price objective on the stock, up from their previous price objective of C$48.00. TD's price target indicates a potential upside of 7.55% from the stock's current price.

A number of other equities analysts also recently issued reports on the company. 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. Stifel Nicolaus downgraded Jamieson Wellness from a "buy" rating to a "hold" rating and upped their target price for the stock from C$45.00 to C$45.75 in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of C$46.43.

Jamieson Wellness Stock Performance

JWEL stock traded up C$0.08 during midday trading on Monday, hitting C$45.56. 307,739 shares of the stock traded hands, compared to its average volume of 100,432. Jamieson Wellness has a 1-year low of C$32.54 and a 1-year high of C$45.65. The company has a debt-to-equity ratio of 93.69, a current ratio of 3.41 and a quick ratio of 1.08. The stock's fifty day simple moving average is C$39.62 and its 200-day simple moving average is C$36.77. The firm has a market cap of C$1.89 billion, a P/E ratio of 26.34 and a beta of 1.48.

Jamieson Wellness (TSE:JWEL - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported C$0.46 earnings per share (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 for the quarter. On average, analysts expect that Jamieson Wellness will post 2.1438892 earnings per share for the current year.

Jamieson Wellness Company Profile

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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