Central Garden & Pet Upgraded to “Buy” Rating by StockNews.com
The stock of Central Garden & Pet (NASDAQ:CENTA) received a significant upgrade from StockNews.com, moving from a “hold” rating to a “buy” rating. This news comes after several other analysts also raised their price targets and ratings for the company, indicating a positive outlook for Central Garden & Pet.
Shares of CENTA saw a 0.6% increase in trading on Friday, reaching $40.23. The company has been performing well, with a 50-day simple moving average of $35.89 and a 200-day simple moving average of $31.86. Central Garden & Pet reported earnings per share of $0.01 for the quarter, surpassing the consensus estimate of ($0.14) by $0.15.
In terms of insider trading, Director John Ranelli and CAO Howard Machek both sold shares of Central Garden & Pet recently. Additionally, hedge funds and institutional investors have been modifying their holdings of CENTA, with several new stakes being purchased.
Central Garden & Pet Company Profile showcases the company’s operations in the lawn and garden, and pet supplies markets in the United States. The Pet segment provides a wide range of products for various animals, including dogs, cats, aquatics, small animals, and more.
Overall, Central Garden & Pet seems to be on a positive trajectory, with analysts and insiders showing confidence in the company’s future. Investors may want to keep an eye on CENTA as it continues to show growth and potential in the market.
