The Analyst Landscape: 6 Takes On Driven Brands Hldgs
Providing a diverse range of perspectives from bullish to bearish, 6 analysts have published ratings on Driven Brands Hldgs (NASDAQ:DRVN) in the last three months.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 2 | 3 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 2 | 2 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $15.58, along with a high estimate of $22.00 and a low estimate of $12.50. This current average has decreased by 20.51% from the previous average price target of $19.60.
Decoding Analyst Ratings: A Detailed Look
A clear picture of Driven Brands Hldgs's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Tristan Thomas-Martin | BMO Capital | Announces | Market Perform | $14.00 | - |
| Seth Sigman | Barclays | Lowers | Overweight | $22.00 | $25.00 |
| Brian McNamara | Canaccord Genuity | Lowers | Buy | $17.00 | $21.00 |
| Kate McShane | Goldman Sachs | Lowers | Neutral | $14.00 | $16.00 |
| Christian Carlino | JP Morgan | Lowers | Neutral | $12.50 | $18.00 |
| Peter Keith | Piper Sandler | Lowers | Overweight | $14.00 | $18.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Driven Brands Hldgs. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Driven Brands Hldgs compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Driven Brands Hldgs's stock. This comparison reveals trends in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Driven Brands Hldgs's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Driven Brands Hldgs analyst ratings.
Unveiling the Story Behind Driven Brands Hldgs
Driven Brands Holdings Inc is an automotive services company in North America. Its platform provides high-quality services to an extensive range of retail and commercial customers. The company provides an extensive range of core consumer and commercial automotive needs, including paint, collision, glass, and repair services, as well as a variety of high-frequency services, such as oil changes and car washes.
Breaking Down Driven Brands Hldgs's Financial Performance
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Driven Brands Hldgs displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 1.74%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Driven Brands Hldgs's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 0.74%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Driven Brands Hldgs's ROE stands out, surpassing industry averages. With an impressive ROE of 0.47%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Driven Brands Hldgs's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.07%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Driven Brands Hldgs's debt-to-equity ratio is notably higher than the industry average. With a ratio of 4.7, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Understanding the Relevance of Analyst Ratings
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.