Summary:
- UniFirst Corporation (UNF, Financial) has announced a stable quarterly dividend of $0.35 per share, offering a forward yield of 0.86%.
- A new $100 million share repurchase program has been launched, leveraging previous authorizations.
- Analyst predictions suggest a potential 10.74% upside in stock price, with a "Hold" consensus rating.
Dividend and Share Repurchase Program
UniFirst Corporation (UNF) has upheld its quarterly dividend at $0.35 per share, translating to a forward yield of 0.86%. Alongside this, the company has unveiled a strategic move with a new share repurchase initiative valued at up to $100 million, which also includes unutilized amounts from prior buyback authorizations. This development could signal the company's confidence in its valuation and future prospects.
Wall Street Analysts' Forecast
As per projections from four analysts, UniFirst Corp (UNF, Financial) carries an average one-year price target of $179.25. High and low estimates stand at $197.00 and $152.00 respectively, indicating a potential upside of 10.74% from the latest trading price of $161.86. Investors can explore more detailed forecasts on the UniFirst Corp (UNF) Forecast page.
Brokerage Recommendations
The consensus recommendation from six brokerage firms signals a "Hold" status for UniFirst Corp (UNF, Financial), with an average recommendation score of 3.3. This score is derived from a scale where 1 represents a Strong Buy and 5 indicates a Sell.
Valuation Insights
According to GuruFocus estimates, the projected GF Value for UniFirst Corp (UNF, Financial) in the coming year is $202.82, suggesting an enticing 25.31% upside potential from the present price of $161.86. This valuation is computed using historical trading multiples, past business growth, and future business performance forecasts. For an in-depth analysis, visit the UniFirst Corp (UNF) Summary page.
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