Inter Parfums Rating Lowered to Neutral at Zacks (IPAR)
Inter Parfums (NASDAQ:IPAR) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, Analyst Ratings Network reports. They currently have a $32.50 price target on the stock. Zacks‘ price target suggests a potential upside of 14.88% from the company’s current price.
A number of other analysts have also recently weighed in on IPAR. Analysts at B. Riley upgraded shares of Inter Parfums (NASDAQ:IPAR) from a “neutral” rating to a “buy” rating in a research note to investors on Monday. They now have a $34.00 price target on the stock, up previously from $33.00. Separately, analysts at Sidoti upgraded shares of Inter Parfums (NASDAQ:IPAR) from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, August 20th.
Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $30.25.
Shares of Inter Parfums (NASDAQ:IPAR) traded up 1.66% on Tuesday, hitting $28.76. 76,441 shares of the company’s stock traded hands. Inter Parfums has a 52 week low of $16.38 and a 52 week high of $34.96. The stock has a 50-day moving average of $30.12 and a 200-day moving average of $28.77. The company has a market cap of $885.7 million and a P/E ratio of 6.02.
Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.04. The company had revenue of $117.50 million for the quarter, compared to the consensus estimate of $117.50 million. During the same quarter last year, the company posted $0.20 earnings per share. Inter Parfums’s revenue was down 19.2% compared to the same quarter last year. On average, analysts predict that Inter Parfums will post $1.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, October 14th. Shareholders of record on Monday, September 30th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Thursday, September 26th.
Inter Parfums, Inc operates in the fragrance business, and manufactures, markets and distributes an array of fragrances and fragrance related products.
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