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Analysts: GNC's Q4 Numbers Should 'Reduce Negative Sentiment'

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  • Macquarie increased their earnings per share projection for GNC's fiscal year 2015 to $2.91.
  • Analysts doubled down on their Outperform rating and $45 12-month price target.
  • GNC is scheduled to release its Q4 report on February 11.

Positive Q4 numbers from GNC Holdings Inc (NYSE: GNC) should reverse "extreme" negative sentiment that has been building over the stock, which has lost about a quarter of its value in the first weeks of 2016, according to Max Rakhlenko and Bob Summers of Macquarie.

GNC reported that same-store sales rose 0.8 percent in Q4 2015. "[This increase] marks an important inflection point as the prior seven quarters were negative," Rakhlenko and Summers wrote.

The analysts expressed confidence in GNC's strategy. "The sales improvement suggests the company’s strategic efforts are beginning to drive intended results."

At time of writing, GNC shares were up $1.15 from Thursday's open.

Latest Ratings for GNC

DateFirmActionFromTo
Jan 2017Goldman SachsDowngradesNeutralSell
Dec 2016BarclaysDowngradesEqual-WeightUnderweight
Oct 2016Bank of AmericaDowngradesNeutralUnderperform

View More Analyst Ratings for GNC
View the Latest Analyst Ratings

Posted-In: MacquarieAnalyst Color Analyst Ratings

 

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