Urban Outfitters Stock Rating Upgraded by Ascendiant Capital Markets (URBN)
Urban Outfitters (NASDAQ:URBN) was upgraded by stock analysts at Ascendiant Capital Markets to a “strong-buy” rating in a report issued on Monday, Analyst RN reports.
Shares of Urban Outfitters (NASDAQ:URBN) opened at 37.99 on Monday. Urban Outfitters has a 52 week low of $35.00 and a 52 week high of $44.96. The stock has a 50-day moving average of $37.4 and a 200-day moving average of $39.26. The company has a market cap of $5.596 billion and a P/E ratio of 20.34.
Urban Outfitters (NASDAQ:URBN) last issued its quarterly earnings data on Monday, November 18th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.02. The company had revenue of $774.00 million for the quarter, compared to the consensus estimate of $771.10 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. Analysts expect that Urban Outfitters will post $1.88 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group upgraded shares of Urban Outfitters from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $54.00 price target on the stock, up previously from $40.00. Separately, analysts at Goldman Sachs Group Inc. upgraded shares of Urban Outfitters from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 16th. They now have a $44.00 price target on the stock. Finally, analysts at UBS AG downgraded shares of Urban Outfitters from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 2nd. They now have a $42.00 price target on the stock, down previously from $450.00. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Urban Outfitters presently has an average rating of “Buy” and a consensus target price of $46.36.
Urban Outfitters, Inc (NASDAQ:URBN) is a lifestyle specialty retail company, which operates under the Urban Outfitters, Anthropologie, Free People, Terrain and BHLDN brands.
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