BofA Securities analyst Robert Ohmes maintains $Driven Brands (DRVN.US)$ with a buy rating, and maintains the target price at $18.
According to TipRanks data, the analyst has a success rate of 60.5% and a total average return of 10.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Driven Brands (DRVN.US)$'s main analysts recently are as follows:
Following Driven Brands' Q3 results and revised 2024 outlook due to its Canadian distribution business sale, earnings per share forecasts for 2025 and 2026 have been reduced by approximately 9.3% and 9.6%. Nonetheless, the company's ongoing robust performance in Take 5, along with growth prospects in Car Wash and PC&G, are noteworthy.
The company's fundamentals are seen as relatively stable, and there is a possibility that the management may choose to sell off its U.S. car wash business. Discussions have also taken place about shedding other non-core assets, which could facilitate a faster reduction of debt and simplify the business structure.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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