Inter Parfums Hits New 1-Year Low at $25.93 (IPAR)
Inter Parfums (NASDAQ:IPAR)’s share price reached a new 52-week low on Tuesday , AnalystRatings.Net reports. The stock traded as low as $25.93 and last traded at $26.07, with a volume of 43,502 shares trading hands. The stock had previously closed at $26.22.
IPAR has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Inter Parfums in a research note on Friday. They now have a $32.00 price target on the stock, down previously from $36.00. Separately, analysts at B. Riley cut their price target on shares of Inter Parfums from $40.00 to $35.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at Oppenheimer cut their price target on shares of Inter Parfums from $39.00 to $36.00 in a research note on Thursday, July 24th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $33.10.
The stock’s 50-day moving average is $28.63 and its 200-day moving average is $31.99. The company has a market cap of $799.9 million and a P/E ratio of 49.29.
Inter Parfums (NASDAQ:IPAR) last released its earnings data on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.01. The company had revenue of $121.70 million for the quarter, compared to the consensus estimate of $121.70 million. During the same quarter in the previous year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was down 43.1% on a year-over-year basis. Analysts expect that Inter Parfums will post $0.99 EPS for the current fiscal year.
Inter Parfums, Inc operates in the fragrance business, and manufactures, markets and distributes an array of fragrances and fragrance related products.
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