Summer Infant Given New $2.00 Price Target at Roth Capital (SUMR)
Investment analysts at Roth Capital reduced their target price on shares of Summer Infant (NASDAQ:SUMR) from $2.50 to $2.00 in a note issued to investors on Friday, Stock Ratings Network reports. Roth Capital’s target price points to a potential upside of 2.04% from the company’s current price.
Separately, analysts at Zacks upgraded shares of Summer Infant from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $2.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $2.95.
Summer Infant (NASDAQ:SUMR) last announced its earnings results on Thursday, November 14th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters 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.
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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