Media coverage about PriceSmart (NASDAQ:PSMT) has been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PriceSmart earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.8884329414816 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
A number of research firms have recently commented on PSMT. Zacks Investment Research downgraded PriceSmart from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. BidaskClub downgraded PriceSmart from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st. Ifs Securities raised PriceSmart from a “market perform” rating to an “outperform” rating in a research report on Friday, December 29th. Scotiabank cut PriceSmart to a “hold” rating and set a $90.00 price objective for the company. in a research report on Friday, January 5th. Finally, Howard Weil cut PriceSmart from a “sector outperform” rating to a “sector perform” rating in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $92.50.
Shares of PriceSmart (NASDAQ:PSMT) traded down $1.60 during trading hours on Wednesday, hitting $79.90. The stock had a trading volume of 26,784 shares, compared to its average volume of 199,165. The stock has a market capitalization of $2,470.29, a P/E ratio of 28.10 and a beta of 1.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.44 and a current ratio of 1.39. PriceSmart has a twelve month low of $77.50 and a twelve month high of $94.00.
The business also recently disclosed a semiannual dividend, which will be paid on Friday, August 31st. Shareholders of record on Wednesday, August 15th will be paid a dividend of $0.35 per share. This represents a dividend yield of 0.8%. The ex-dividend date is Tuesday, August 14th. PriceSmart’s dividend payout ratio is presently 24.14%.
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PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.
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