Guess? Upgraded to “Buy” at TheStreet (GES)
Guess? (NYSE:GES) was upgraded by equities research analysts at TheStreet from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, Stock Ratings Network reports.
The analysts wrote, “Guess (GES) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
A number of other firms have also recently commented on GES. Analysts at Zacks reiterated a “neutral” rating on shares of Guess? (NYSE:GES) in a research note to investors on Wednesday, September 4th. They now have a $32.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Guess? (NYSE:GES) from $32.00 to $33.00 in a research note to investors on Thursday, August 29th. They now have a “neutral” rating on the stock. Finally, analysts at Susquehanna cut their price target on shares of Guess? (NYSE:GES) from $38.00 to $36.00 in a research note to investors on Thursday, August 29th. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. Guess? presently has a consensus rating of “Hold” and an average target price of $31.43.
Guess? (NYSE:GES) traded up 1.84% on Wednesday, hitting $30.41. The stock had a trading volume of 400,660 shares. Guess? has a one year low of $22.48 and a one year high of $34.36. The stock has a 50-day moving average of $30.14 and a 200-day moving average of $29.70. The company has a market cap of $2.582 billion and a price-to-earnings ratio of 16.05.
Guess? (NYSE:GES) last released its earnings data on Wednesday, August 28th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.16. The company had revenue of $639.00 million for the quarter, compared to the consensus estimate of $625.15 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. Analysts expect that Guess? will post $1.87 EPS for the current fiscal year.
Guess?, Inc (NYSE:GES) designs, markets, distributes and licenses apparel and accessories for men, women and children.
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