VF Corp. Price Target Lowered to $70.00 at DA Davidson (VFC)
Equities research analysts at DA Davidson decreased their target price on shares of VF Corp. (NYSE:VFC) from $71.00 to $70.00 in a research note issued to investors on Tuesday, AR Network reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 23.13% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura initiated coverage on shares of VF Corp. in a research note on Wednesday, February 12th. They set a “buy” rating and a $65.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of VF Corp. in a research note on Wednesday, February 12th. They set an “equal weight” rating on the stock. Finally, analysts at Thomson Reuters/Verus downgraded shares of VF Corp. from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $175.95.
VF Corp. (NYSE:VFC) opened at 56.85 on Tuesday. VF Corp. has a 52-week low of $38.895 and a 52-week high of $63.45. The stock has a 50-day moving average of $59.57 and a 200-day moving average of $54.1. The company has a market cap of $24.958 billion and a P/E ratio of 22.10.
VF Corp. (NYSE:VFC) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.02. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, analysts predict that VF Corp. will post $3.09 earnings per share for the current fiscal year.
V.F. Corporation (NYSE:VFC) is a global apparel company based in the United States.
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