Sprint Corp. Given New $8.25 Price Target at Cowen and Company (S)
Equities research analysts at Cowen and Company hoisted their target price on shares of Sprint Corp. (NYSE:S) from $7.25 to $8.25 in a research note issued to investors on Thursday, AnalystRatingsNetwork reports. Cowen and Company’s target price would indicate a potential upside of 2.87% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG raised their price target on shares of Sprint Corp. from $7.00 to $8.00 in a research note on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Deutsche Bank upgraded shares of Sprint Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday. They now have a $9.25 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Sprint Corp. from $7.00 to $8.00 in a research note on Wednesday. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $7.66.
Shares of Sprint Corp. (NYSE:S) opened at 8.07 on Thursday. Sprint Corp. has a 1-year low of $5.61 and a 1-year high of $11.47. The stock has a 50-day moving average of $9.04 and a 200-day moving average of $7.50. The company’s market cap is $31.733 billion.
Sprint Corp. (NYSE:S) last issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.26) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.32) by $0.06. The company had revenue of $9.14 million for the quarter, compared to the consensus estimate of $7.75 million. Sprint Corp.’s revenue was up 1.5% compared to the same quarter last year. On average, analysts predict that Sprint Corp. will post $-0.50 earnings per share for the current fiscal year.
Sprint Nextel Corporation (NYSE:S), is a holding company, with its operations primarily conducted by its subsidiaries.
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