Fifth & Pacific Companies PT Raised to $30.00 (FNP)
Sterne Agee upped their target price on shares of Fifth & Pacific Companies (NYSE:FNP) from $28.00 to $30.00 in a research note issued on Tuesday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Sterne Agee’s price objective suggests a potential upside of 17.05% from the stock’s previous close.
Fifth & Pacific Companies (NYSE:FNP) traded down 0.31% on Tuesday, hitting $25.63. 1,832,641 shares of the company’s stock traded hands. Fifth & Pacific Companies has a 1-year low of $9.98 and a 1-year high of $26.36. The stock has a 50-day moving average of $24.76 and a 200-day moving average of $22.79. The company’s market cap is $3.144 billion.
Fifth & Pacific Companies (NYSE:FNP) last announced its earnings results on Thursday, August 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by $0.02. The company had revenue of $382.00 million for the quarter, compared to the consensus estimate of $392.70 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts predict that Fifth & Pacific Companies will post $0.05 earnings per share for the current fiscal year.
A number of other firms have also recently commented on FNP. Analysts at KeyCorp reiterated a “buy” rating on shares of Fifth & Pacific Companies in a research note to investors on Monday. They now have a $28.00 price target on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Fifth & Pacific Companies from $25.00 to $30.00 in a research note to investors on Tuesday, August 20th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Fifth & Pacific Companies has a consensus rating of “Buy” and a consensus price target of $26.44.
Fifth & Pacific Companies Inc, formerly Liz Claiborne Inc (NYSE:FNP) designs and markets a portfolio of retail-based, premium brands, including JUICY COUTURE, KATE SPADE and LUCKY BRAND.
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