Zulily Price Target Increased to $50.00 by Analysts at RBC Capital (ZU)
Investment analysts at RBC Capital boosted their price target on shares of Zulily (NYSE:ZU) from $40.00 to $50.00 in a note issued to investors on Tuesday, Analyst Ratings Network.com reports. RBC Capital’s price target would suggest a potential upside of 16.71% from the stock’s previous close.
Shares of Zulily (NYSE:ZU) traded up 36.34% during mid-day trading on Tuesday, hitting $58.41. The stock had a trading volume of 7,805,936 shares. Zulily has a one year low of $34.19 and a one year high of $44.96. The stock has a 50-day moving average of $40.48 and a 200-day moving average of $39.44. The company’s market cap is $7.130 billion.
Zulily (NYSE:ZU) last released its earnings data on Monday, February 24th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.06. The company had revenue of $257.00 million for the quarter, compared to the consensus estimate of $225.47 million. Analysts expect that Zulily will post $0.21 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Janney Montgomery Scott initiated coverage on shares of Zulily in a research note on Friday, January 24th. They set a “buy” rating on the stock. Separately, analysts at Bank of America initiated coverage on shares of Zulily in a research note on Tuesday, December 10th. They set a “neutral” rating on the stock. Finally, analysts at William Blair initiated coverage on shares of Zulily in a research note on Tuesday, December 10th. They set an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $38.00.
Zulily, Inc is an e-commerce company. The Company, through its desktop and mobile Websites and mobile applications, which it refers to as its sites, helps its customers discover new and unique products.
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