Blue Nile Price Target Cut to $43.00 by Analysts at Deutsche Bank (NILE)
Investment analysts at Deutsche Bank cut their target price on shares of Blue Nile (NASDAQ:NILE) from $52.00 to $43.00 in a note issued to investors on Friday, Analyst Ratings News reports. Deutsche Bank’s price objective indicates a potential upside of 24.82% from the stock’s previous close.
Shares of Blue Nile (NASDAQ:NILE) traded down 2.82% on Friday, hitting $34.45. The stock had a trading volume of 499,990 shares. Blue Nile has a one year low of $28.90 and a one year high of $49.14. The stock has a 50-day moving average of $44.03 and a 200-day moving average of $41.4. The company has a market cap of $441.1 million and a P/E ratio of 40.89.
Blue Nile (NASDAQ:NILE) last announced its earnings results on Thursday, February 6th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.04. The company had revenue of $164.00 million for the quarter, compared to the consensus estimate of $153.40 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, analysts predict that Blue Nile will post $1.03 earnings per share for the current fiscal year.
Blue Nile, Inc (NASDAQ:NILE) is the online retailer of diamonds and jewelry.
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