MAV Beauty Brands (TSE:MAV) Price Target Cut to C$14.00

MAV Beauty Brands (TSE:MAV) had its price target decreased by Jefferies Financial Group from C$15.00 to C$14.00 in a research note issued on Friday, March 29th, BayStreet.CA reports. Jefferies Financial Group’s price objective would indicate a potential upside of 80.88% from the stock’s previous close. Jefferies Financial Group also issued estimates for MAV Beauty Brands’ Q1 2019 earnings at $0.13 EPS, Q4 2019 earnings at $0.24 EPS and FY2019 earnings at $0.73 EPS.

Several other equities research analysts have also recently commented on MAV. CIBC dropped their target price on MAV Beauty Brands from C$14.00 to C$12.00 in a report on Friday, March 29th. Raymond James dropped their target price on MAV Beauty Brands from C$16.00 to C$13.50 in a report on Friday, March 29th. Finally, Royal Bank of Canada dropped their target price on MAV Beauty Brands from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a report on Wednesday, January 23rd.

Shares of TSE MAV traded up C$0.12 during midday trading on Friday, hitting C$7.74. 21,000 shares of the company’s stock were exchanged, compared to its average volume of 88,289. The company has a current ratio of 2.60, a quick ratio of 1.33 and a debt-to-equity ratio of 51.51. The company has a market cap of $290.85 million and a PE ratio of -18.00. MAV Beauty Brands has a twelve month low of C$7.10 and a twelve month high of C$14.15.

MAV Beauty Brands (TSE:MAV) last issued its quarterly earnings data on Thursday, March 28th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.14 by C($0.02). The firm had revenue of C$38.37 million during the quarter, compared to analyst estimates of C$33.88 million. Sell-side analysts forecast that MAV Beauty Brands will post 0.740000032506461 earnings per share for the current fiscal year.

MAV Beauty Brands Company Profile

MAV Beauty Brands Inc operates as a personal care company. The company offers hair care, body care, and beauty products, such as shampoos, conditioners, hair styling products, treatments, body wash products, and body and hand lotions under the Marc Anthony True Professional, Renpure, and Cake Beauty brand names.

Further Reading: Net Asset Value

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