Wells Fargo analyst Zachary Fadem maintained a Buy rating on National Vision Holdings Inc (NASDAQ: EYE) yesterday and set a price target of $48. The company’s shares closed yesterday at $43.63, close to its 52-week high of $46.
Fadem commented:
“We are raising our PT to $48, which is based on DCF analysis, implying 23x NTM EV/EBITDA. Reiterate Outperform.”
According to TipRanks.com, Fadem is a 4-star analyst with an average return of 11.7% and a 72.1% success rate. Fadem covers the Services sector, focusing on stocks such as Floor & Decor Holdings Inc, Advance Auto Parts, and Michaels Companies.
National Vision Holdings Inc has an analyst consensus of Strong Buy, with a price target consensus of $46.33, implying a 6.2% upside from current levels. In a report issued on July 30, Guggenheim also maintained a Buy rating on the stock with a $46 price target.
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National Vision Holdings Inc’s market cap is currently $3.27B and has a P/E ratio of 61.39. The company has a Price to Book ratio of 4.60.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock.
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National Vision Holdings, Inc. engages in optical retail. It specializes in eye care and eyewear. It operates through Owned and Host, and Legacy segment. The Owned and Host segment includes two brands, America’s Best and Eyeglass World, and Vista Optical locations in Fred Meyer stores.
