VF Corp. Rating Reiterated by Zacks (VFC)
VF Corp. (NYSE:VFC)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued on Monday, ARN reports. They currently have a $61.00 price target on the stock. Zacks‘ price target points to a potential upside of 5.59% from the company’s current price.
Zacks‘ analyst wrote, “We remain impressed with V.F. Corp.’s consistently positive earnings surprise trend, robust organic revenue growth and strong guidance. Moreover, we remain encouraged by the company’s recently completed stock split, which instills further momentum into the stock. We believe V.F. Corp’s initiatives to capitalize on opportunities in emerging markets and its focus on core business activities will lead to a better operating performance. The company’s growth prospects look promising, given its sustained focus on strategic acquisitions and the expansion of its global operations, which will boost its top and bottom lines. However, the prevalent soft macroeconomic environment, stiff competition and volatile raw material prices remain plausible concerns. Therefore, our long-term Neutral recommendation on the stock remains in place.”
VF Corp. (NYSE:VFC) traded up 0.03% on Monday, hitting $57.79. 918,807 shares of the company’s stock traded hands. VF Corp. has a 52 week low of $36.43 and a 52 week high of $63.45. The stock’s 50-day moving average is $60.12 and its 200-day moving average is $53.2. The company has a market cap of $25.445 billion and a P/E ratio of 21.94.
A number of other analysts have also recently weighed in on VFC. Analysts at Cowen and Company downgraded shares of VF Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Monday. They now have a $61.00 price target on the stock, down previously from $64.00. Separately, analysts at Macquarie initiated coverage on shares of VF Corp. in a research note to investors on Friday, January 17th. They set an “outperform” rating and a $71.00 price target on the stock. Finally, analysts at DA Davidson reiterated a “buy” rating on shares of VF Corp. in a research note to investors on Monday, December 30th. They now have a $71.00 price target on the stock, up previously from $61.00. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. VF Corp. has a consensus rating of “Buy” and a consensus price target of $182.17.
V.F. Corporation (NYSE:VFC) is a global apparel company based in the United States.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.