Tiffany & Co. Price Target Increased to $110.00 by Analysts at KeyCorp (TIF)
KeyCorp boosted their price objective on shares of Tiffany & Co. (NYSE:TIF) from $102.00 to $110.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. KeyCorp’s price objective would suggest a potential upside of 13.93% from the stock’s previous close.
Tiffany & Co. (NYSE:TIF) traded up 0.26% on Thursday, hitting $96.55. 2,157,185 shares of the company’s stock traded hands. Tiffany & Co. has a one year low of $70.70 and a one year high of $97.50. The stock has a 50-day moving average of $88.14 and a 200-day moving average of $87.93. The company has a market cap of $12.440 billion and a price-to-earnings ratio of 68.30.
Tiffany & Co. (NYSE:TIF) last announced its earnings results on Wednesday, May 21st. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.78 by $0.19. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $955.05 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. On average, analysts predict that Tiffany & Co. will post $4.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 10th. Investors of record on Friday, June 20th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.57%.
A number of other firms have also recently commented on TIF. Analysts at Credit Suisse raised their price target on shares of Tiffany & Co. from $104.00 to $106.00 in a research note on Thursday. Separately, analysts at Macquarie reiterated a “neutral” rating on shares of Tiffany & Co. in a research note on Thursday. They now have a $105.00 price target on the stock, up previously from $95.00. Finally, analysts at Nomura raised their price target on shares of Tiffany & Co. from $100.00 to $110.00 in a research note on Thursday. They now have a “buy” rating on the stock. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $95.32.
Tiffany & Co (NYSE:TIF) is a holding company that operates through its subsidiary companies.
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