Zulily Price Target Cut to $45.00 by Analysts at RBC Capital (ZU)
Analysts at RBC Capital lowered their price objective on shares of Zulily (NYSE:ZU) from $50.00 to $45.00 in a research report issued to clients and investors on Wednesday, Analyst Ratings News reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective suggests a potential upside of 47.93% from the company’s current price.
Zulily (NYSE:ZU) opened at 30.42 on Wednesday. Zulily has a 52-week low of $30.25 and a 52-week high of $73.50. The stock has a 50-day moving average of $46.98 and a 200-day moving average of $45.06. The company’s market cap is $3.776 billion.
Zulily (NYSE:ZU) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.03. The company had revenue of $237.90 million for the quarter, compared to the consensus estimate of $233.58 million. During the same quarter last year, the company posted ($0.03) earnings per share. Zulily’s revenue was up 87.3% compared to the same quarter last year. Analysts expect that Zulily will post $0.23 EPS for the current fiscal year.
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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