Summer Infant Upgraded to Neutral at Zacks (SUMR)
Summer Infant (NASDAQ:SUMR) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Wednesday, American Banking News.com reports. The firm currently has a $2.00 price target on the stock.
Separately, analysts at Roth Capital cut their price target on shares of Summer Infant from $3.50 to $2.50 in a research note to investors on Friday, November 15th. They now have a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Summer Infant has a consensus rating of “Buy” and an average price target of $3.05.
Summer Infant (NASDAQ:SUMR) traded down 2.00% on Wednesday, hitting $1.96. The stock had a trading volume of 165,231 shares. Summer Infant has a one year low of $1.67 and a one year high of $3.73. The stock has a 50-day moving average of $1.97 and a 200-day moving average of $2.77. The company’s market cap is $35.2 million.
Summer Infant (NASDAQ:SUMR) last issued its quarterly earnings data on Thursday, November 14th. The company reported ($0.05) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.07. The company had revenue of $50.50 million for the quarter, compared to the consensus estimate of $58.07 million. Analysts expect that Summer Infant will post $0.01 EPS for the current fiscal year.
Summer Infant, Inc is a designer, marketer, and distributor of juvenile health, safety and wellness products, which are sold to North American and the United Kingdom retailers.
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