Zacks Reiterates “Neutral” Rating for VistaPrint Limited (VPRT)
VistaPrint Limited (NASDAQ:VPRT)‘s stock had its “neutral” rating reaffirmed by Zacks in a report issued on Thursday. They currently have a $40.00 price objective on the stock. Zacks‘s price objective indicates a potential upside of 6.21% from the stock’s previous close.
Zacks’ analyst wrote, “Vistaprint reported stellar fourth quarter fiscal 2014 results with healthy year-over-year increases in both adjusted earnings and revenues that comfortably beat the respective Zacks Consensus Estimates. Vistaprint is currently shifting its value proposition away from deep discounts and free-offer direct marketing efforts to tap the large market opportunity beyond the traditional base of highly price-sensitive customers. The company is currently passing through a transitional phase as it attempts to change its operating model and is expected to improve in the long run. However, stiff competition and adverse foreign currency effects could peg back its growth momentum to some extent. Nevertheless, we maintain our long-term Neutral recommendation on the stock. “
Shares of VistaPrint Limited (NASDAQ:VPRT) traded up 27.64% during mid-day trading on Thursday, hitting $48.16. 1,768,790 shares of the company’s stock traded hands. VistaPrint Limited has a 52 week low of $37.05 and a 52 week high of $58.20. The stock has a 50-day moving average of $39.34 and a 200-day moving average of $45.35. The company has a market cap of $1.603 billion and a P/E ratio of 28.78.
VistaPrint Limited (NASDAQ:VPRT) last released its earnings data on Wednesday, July 30th. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.22. The company had revenue of $338.20 million for the quarter, compared to the consensus estimate of $322.53 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 20.7% on a year-over-year basis. Analysts expect that VistaPrint Limited will post $3.28 EPS for the current fiscal year.
A number of other firms have also recently commented on VPRT. Analysts at Jefferies Group raised their price target on shares of VistaPrint Limited from $49.00 to $51.00 in a research note on Thursday. They now have a “hold” rating on the stock. Analysts at Topeka Capital Markets cut their price target on shares of VistaPrint Limited from $54.00 to $48.00 in a research note on Monday, May 12th. They now have a “hold” rating on the stock. One analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $47.17.
Vistaprint N.V. is an online provider of coordinated portfolios of customized marketing products and services to micro businesses worldwide.
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