Positive News Coverage Somewhat Unlikely to Affect Central Garden & Pet (CENTA) Stock Price

News headlines about Central Garden & Pet (NASDAQ:CENTA) have been trending positive on Thursday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Central Garden & Pet earned a news impact score of 0.26 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.616551290266 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

A number of research firms have issued reports on CENTA. CL King began coverage on Central Garden & Pet in a research report on Friday, July 7th. They issued a “buy” rating and a $38.00 target price on the stock. Sidoti upgraded Central Garden & Pet from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th.

Central Garden & Pet (CENTA) opened at 34.33 on Thursday. The firm has a 50-day moving average price of $31.98 and a 200-day moving average price of $32.28. The company has a market cap of $1.78 billion, a PE ratio of 25.89 and a beta of 0.34. Central Garden & Pet has a 52-week low of $21.70 and a 52-week high of $38.17.

Central Garden & Pet (NASDAQ:CENTA) last released its earnings results on Wednesday, August 2nd. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.11. The firm had revenue of $574.59 million for the quarter. Central Garden & Pet had a return on equity of 13.66% and a net margin of 3.49%. On average, analysts forecast that Central Garden & Pet will post $1.47 EPS for the current year.

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Central Garden & Pet Company Profile

Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Pet segment and the Garden segment. It is a marketer and producer of pet supplies in the United States.

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