Guess? Receives Consensus Rating of “Hold” from Brokerages (NYSE:GES)
Shares of Guess? (NYSE:GES) have earned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company, American Banking News reports. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $31.09.
Guess? (NYSE:GES) opened at 27.19 on Thursday. Guess? has a 52-week low of $25.16 and a 52-week high of $34.94. The stock has a 50-day moving average of $26.68 and a 200-day moving average of $28.13. The company has a market cap of $2.318 billion and a price-to-earnings ratio of 16.74.
Guess? (NYSE:GES) last posted its quarterly earnings results on Thursday, May 29th. The company reported ($0.03) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.06) by $0.03. The company had revenue of $522.50 million for the quarter, compared to the consensus estimate of $528.44 million. During the same quarter last year, the company posted $0.14 earnings per share. Guess?’s revenue was down 4.8% compared to the same quarter last year. Analysts expect that Guess? will post $1.49 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Piper Jaffray upgraded shares of Guess? from a “neutral” rating to an “overweight” rating in a research note on Tuesday, July 8th. They now have a $32.00 price target on the stock, up previously from $25.00. Separately, analysts at Zacks upgraded shares of Guess? from an “underperform” rating to a “neutral” rating in a research note on Friday, June 13th. They now have a $27.00 price target on the stock. Finally, analysts at TheStreet downgraded shares of Guess? from a “buy” rating to a “hold” rating in a research note on Monday, June 2nd.
Guess?, Inc (NYSE:GES) designs, markets, distributes and licenses apparel and accessories for men, women and children.
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