Inter Parfums Given New $39.00 Price Target at B. Riley (IPAR)
Research analysts at B. Riley increased their price objective on shares of Inter Parfums (NASDAQ:IPAR) from $34.00 to $39.00 in a report released on Friday, American Banking News reports. The firm currently has a “buy” rating on the stock. B. Riley’s price objective suggests a potential upside of 13.09% from the company’s current price.
Inter Parfums (NASDAQ:IPAR) opened at 34.485 on Friday. Inter Parfums has a one year low of $16.10 and a one year high of $34.96. The stock has a 50-day moving average of $29.56 and a 200-day moving average of $28.84. The company has a market cap of $1.062 billion and a P/E ratio of 7.17.
Inter Parfums (NASDAQ:IPAR) last released its earnings data on Wednesday, August 7th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was down 19.2% on a year-over-year basis. On average, analysts predict that Inter Parfums will post $1.25 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wedbush reiterated an “outperform” rating on shares of Inter Parfums in a research note to investors on Thursday, September 12th. Separately, analysts at Zacks downgraded shares of Inter Parfums from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 10th. They now have a $32.50 price target on the stock. Finally, analysts at Sidoti upgraded shares of Inter Parfums from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, August 20th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $30.14.
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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