Cowen and Company Lowers Pacific Sunwear of California Price Target to $3.00 (PSUN)
Analysts at Cowen and Company lowered their price objective on shares of Pacific Sunwear of California (NASDAQ:PSUN) from $3.75 to $3.00 in a research report issued to clients and investors on Monday, Analyst Ratings Net reports. The firm currently has a “neutral” rating on the stock. Cowen and Company’s target price suggests a potential upside of 9.09% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Piper Jaffray Cos. cut their price target on shares of Pacific Sunwear of California from $4.50 to $3.50 in a research note to investors on Wednesday, October 9th. Finally, analysts at KeyCorp reiterated a “hold” rating on shares of Pacific Sunwear of California in a research note to investors on Friday, August 30th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $4.13.
Pacific Sunwear of California (NASDAQ:PSUN) traded down 2.83% on Monday, hitting $2.75. 391,107 shares of the company’s stock traded hands. Pacific Sunwear of California has a 52-week low of $1.36 and a 52-week high of $4.59. The stock’s 50-day moving average is $3.73 and its 200-day moving average is $3.12. The company’s market cap is $188.6 million.
Pacific Sunwear of California (NASDAQ:PSUN) last announced its earnings results on Thursday, August 29th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $215.20 million for the quarter, compared to the consensus estimate of $215.74 million. During the same quarter last year, the company posted ($0.08) earnings per share. Pacific Sunwear of California’s revenue was up 9.1% compared to the same quarter last year. On average, analysts predict that Pacific Sunwear of California will post $-0.28 earnings per share for the current fiscal year.
Pacific Sunwear of California, Inc (NASDAQ:PSUN) is a specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle.
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