Pier 1 Imports Stock Rating Reaffirmed by Jefferies Group (PIR)
Pier 1 Imports (NYSE:PIR)‘s stock had its “buy” rating restated by Jefferies Group in a research note issued on Friday, StockRatingsNetwork.com reports.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse upgraded shares of Pier 1 Imports (NYSE:PIR) from a “neutral” rating to an “outperform” rating in a research note to investors on Friday. Analysts at Argus upgraded shares of Pier 1 Imports (NYSE:PIR) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, July 17th. They now have a $27.00 price target on the stock.
Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Pier 1 Imports has an average rating of “Buy” and an average price target of $26.10.
Pier 1 Imports (NYSE:PIR) traded up 2.02% on Friday, hitting $20.74. The stock had a trading volume of 981,731 shares. Pier 1 Imports has a one year low of $18.05 and a one year high of $25.29. The stock has a 50-day moving average of $22.50 and a 200-day moving average of $23.13. The company has a market cap of $2.198 billion and a P/E ratio of 16.47.
Pier 1 Imports (NYSE:PIR) last released its earnings data on Thursday, September 19th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.21 by $0.02. The company had revenue of $395.60 million for the quarter, compared to the consensus estimate of $404.64 million. During the same quarter last year, the company posted $0.19 earnings per share. Pier 1 Imports’s revenue was up 7.6% compared to the same quarter last year. On average, analysts predict that Pier 1 Imports will post $1.31 earnings per share for the current fiscal year.
Pier 1 Imports, Inc (NYSE:PIR) is a specialty retailer of decorative home furnishings and gifts.
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