Iconix Brand Group Stock Rating Reaffirmed by Phillip Securities (ICON)
Iconix Brand Group (NASDAQ:ICON)‘s stock had its “trading buy” rating reiterated by equities research analysts at Phillip Securities in a research note issued to investors on Monday, StockRatingsNetwork.com reports. They currently have a $47.12 price target on the stock. Phillip Securities’ target price would indicate a potential upside of 19.62% from the stock’s previous close.
Iconix Brand Group (NASDAQ:ICON) opened at 39.39 on Monday. Iconix Brand Group has a one year low of $22.77 and a one year high of $40.78. The stock’s 50-day moving average is $37.83 and its 200-day moving average is $36.09. The company has a P/E ratio of 18.67.
Iconix Brand Group (NASDAQ:ICON) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.51 by $0.03. The company had revenue of $105.30 million for the quarter, compared to the consensus estimate of $102.80 million. On average, analysts predict that Iconix Brand Group will post $2.58 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. initiated coverage on shares of Iconix Brand Group in a research note on Friday. They set a “sell” rating and a $41.00 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of Iconix Brand Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 18th. Finally, analysts at Nomura initiated coverage on shares of Iconix Brand Group in a research note on Wednesday, February 12th. They set a “buy” rating and a $45.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Iconix Brand Group currently has a consensus rating of “Hold” and a consensus target price of $38.90.
Iconix Brand Group, Inc (NASDAQ:ICON) is a brand management company engaged in licensing, marketing and providing trend direction for a portfolio of consumer brands.
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