VF Corp. Receives “Fair Value” Rating from Janney Montgomery Scott (VFC)
VF Corp. (NYSE:VFC)‘s stock had its “fair value” rating reiterated by research analysts at Janney Montgomery Scott in a report released on Tuesday, AnalystRatingsNetwork reports. They currently have a $65.00 price target on the stock, down from their previous price target of $70.00. Janney Montgomery Scott’s price objective would indicate a potential upside of 14.34% from the stock’s previous close.
VFC has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of VF Corp. from $56.00 to $60.00 in a research note on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at Ned Davis Research upgraded shares of VF Corp. from a “neutral” rating to a “buy” rating in a research note on Tuesday. Finally, analysts at UBS AG cut their price target on shares of VF Corp. from $69.00 to $64.00 in a research note on Tuesday. They now have a “buy” rating on the stock. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $149.68.
Shares of VF Corp. (NYSE:VFC) traded down 0.69% during mid-day trading on Tuesday, hitting $56.46. 3,868,865 shares of the company’s stock traded hands. VF Corp. has a one year low of $38.895 and a one year high of $63.45. The stock’s 50-day moving average is $59.57 and its 200-day moving average is $54.1. The company has a market cap of $24.787 billion and a P/E ratio of 20.98.
VF Corp. (NYSE:VFC) last issued its quarterly earnings data on Friday, February 14th. The company reported $0.82 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.77 earnings per share. VF Corp.’s revenue was up 8.5% compared to the same quarter last year. On average, analysts predict that VF Corp. will post $3.07 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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