VF Corp Upgraded by Sesquehanna to Positive (VFC)
VF Corp (NYSE:VFC) was upgraded by equities researchers at Sesquehanna from a “neutral” rating to a “positive” rating in a research report issued on Monday, StockRatingsNetwork.com reports. The firm currently has a $72.00 price objective on the stock. Sesquehanna’s price target indicates a potential upside of 20.30% from the company’s current price.
VFC has been the subject of a number of other recent research reports. Analysts at Susquehanna upgraded shares of VF Corp from a “neutral” rating to a “positive” rating in a research note on Monday. They now have a $72.00 price target on the stock, up previously from $58.00. Separately, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of VF Corp in a research note on Monday, March 24th. They now have a $68.00 price target on the stock, up previously from $65.00. Finally, analysts at UBS AG raised their price target on shares of VF Corp from $64.00 to $70.00 in a research note on Thursday, March 20th. They now have a “buy” rating on the stock. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $133.45.
Shares of VF Corp (NYSE:VFC) opened at 59.85 on Monday. VF Corp has a 52 week low of $42.4575 and a 52 week high of $63.45. The stock has a 50-day moving average of $60.67 and a 200-day moving average of $57.87. The company has a market cap of $26.357 billion and a P/E ratio of 22.08.
VF Corp (NYSE:VFC) last announced its earnings results on Friday, February 14th. The company reported $0.82 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. Analysts expect that VF Corp will post $3.06 EPS for the current fiscal year.
V.F. Corporation (NYSE:VFC) is a global apparel company based in the United States.
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