Stephens & Co. Upgrades Tiffany & Co. to “Overweight” (TIF)
Tiffany & Co. (NYSE:TIF) was upgraded by research analysts at Stephens & Co. from an “equal weight” rating to an “overweight” rating in a report released on Tuesday, AnalystRatings.NET reports. The firm currently has a $95.00 price target on the stock. Stephens & Co.’s target price points to a potential upside of 12.00% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at KeyCorp reiterated a “buy” rating on shares of Tiffany & Co. in a research note on Wednesday, April 9th. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Tiffany & Co. from $93.00 to $95.00 in a research note on Wednesday, April 2nd. Finally, analysts at TheStreet downgraded shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $94.86.
Shares of Tiffany & Co. (NYSE:TIF) opened at 84.82 on Tuesday. Tiffany & Co. has a 52-week low of $68.91 and a 52-week high of $94.88. The stock has a 50-day moving average of $89.73 and a 200-day moving average of $85.80. The company has a market cap of $10.929 billion and a P/E ratio of 59.96.
Tiffany & Co. (NYSE:TIF) last released its earnings data on Friday, March 21st. The company reported ($0.81) earnings per share for the quarter, missing the analysts’ consensus estimate of $1.52 by $2.33. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the company posted $1.40 earnings per share. Tiffany & Co.’s revenue was up 5.1% compared to the same quarter last year. Analysts expect that Tiffany & Co. will post $4.18 EPS for the current fiscal year.
Tiffany & Co (NYSE:TIF) is a holding company that operates through its subsidiary companies.
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