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Wells Fargo Reaffirms Their Hold Rating on Hydrofarm Holdings Group (HYFM)

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Wells Fargo analyst Christopher Carey maintained a Hold rating on Hydrofarm Holdings Group (HYFMResearch Report) today and set a price target of $4.00. The company’s shares closed last Tuesday at $4.26, close to its 52-week low of $3.88.

According to TipRanks.com, Carey is a 3-star analyst with an average return of 3.4% and a 47.2% success rate. Carey covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Edgewell Personal Care, and Constellation Brands.

Currently, the analyst consensus on Hydrofarm Holdings Group is a Moderate Buy with an average price target of $13.00.

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The company has a one-year high of $60.70 and a one-year low of $3.88. Currently, Hydrofarm Holdings Group has an average volume of 618.6K.

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Hydrofarm Holdings Group Inc is a distributor and manufacturer of agriculture equipment and supplies. Some of its products include Grow Light Ballasts, Fluorescent Lighting, Pumps and Irrigation, Meters and solutions and Hydro Systems.

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