Jamieson Wellness (TSE:JWEL) Downgraded to Tender Rating by Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce downgraded shares of Jamieson Wellness (TSE:JWEL) from an outperformer rating to a tender rating in a research note published on Friday morning,BayStreet.CA reports. Canadian Imperial Bank of Commerce currently has C$45.75 price target on the stock, up from their prior price target of C$44.00.

Jamieson Wellness Price Performance

TSE:JWEL opened at C$45.48 on Friday. The company has a quick ratio of 1.08, a current ratio of 3.58 and a debt-to-equity ratio of 96.64. The firm has a market cap of C$1.89 billion, a PE ratio of 26.29 and a beta of 1.48. Jamieson Wellness has a 12 month low of C$32.54 and a 12 month high of C$45.65. The company’s 50-day moving average price is C$39.62 and its two-hundred day moving average price is C$36.75.

Jamieson Wellness (TSE:JWEL) last posted its earnings results on Thursday, August 6th. The company reported C$0.46 earnings per share (EPS) for the quarter. The company had revenue of C$233.84 million during the quarter. Jamieson Wellness had a net margin of 8.71% and a return on equity of 15.25%. On average, equities analysts anticipate that Jamieson Wellness will post 2.1438892 EPS for the current fiscal year.

Jamieson Wellness Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, June 1st. Jamieson Wellness’s payout ratio is currently 52.02%.

Jamieson Wellness Company Profile

Jamieson Wellness Inc is engaged in the manufacturing, distributing, and marketing of branded natural health products, including vitamins, minerals, and supplements. The company operates in two segments: The Jamieson brands and The Strategic Partners. The majority of its revenue comes from the Jamieson brand segment. Some of its brands are Jamieson, Progressive, Precision, and Iron Vegan. Geographically, most of its revenue is derived from the domestic market.