American Apparel Downgraded by Zacks to “Underperform” (APP)
American Apparel (NYSE:APP) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Wednesday, AnalystRatingsNetwork.com reports. They currently have a $1.10 price objective on the stock. Zacks‘ price objective indicates a potential downside of 2.65% from the company’s current price.
Shares of American Apparel (NYSE:APP) remained flat at $1.13 during trading on Wednesday. The stock had a trading volume of 492,949 shares. American Apparel has a 1-year low of $1.01 and a 1-year high of $2.40. The stock has a 50-day moving average of $1.17 and a 200-day moving average of $1.42. The company’s market cap is $124.8 million.
American Apparel (NYSE:APP) last issued its quarterly earnings data on Wednesday, November 13th. The company reported ($0.13) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.06) by $0.07. The company had revenue of $164.54 million for the quarter, compared to the consensus estimate of $164.10 million. American Apparel’s revenue was up 1.5% compared to the same quarter last year. Analysts expect that American Apparel will post $-0.53 EPS for the current fiscal year.
Separately, analysts at Brean Capital reiterated a “buy” rating on shares of American Apparel in a research note to investors on Thursday, January 9th.
American Apparel, Inc is a vertically-integrated manufacturer, distributor and retailer of branded fashion basic apparel.
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