Inter Parfums Rating Reiterated by Citigroup Inc. (IPAR)
Inter Parfums (NASDAQ:IPAR)‘s stock had its “neutral” rating reiterated by research analysts at Citigroup Inc. in a report released on Thursday. They currently have a $29.00 price target on the stock, down from their previous price target of $32.00. Citigroup Inc.’s target price would indicate a potential upside of 1.97% from the stock’s previous close.
Shares of Inter Parfums (NASDAQ:IPAR) traded down 0.28% on Thursday, hitting $28.36. 30,586 shares of the company’s stock traded hands. Inter Parfums has a one year low of $25.62 and a one year high of $38.94. The stock’s 50-day moving average is $27.89 and its 200-day moving average is $31.48. The company has a market cap of $877.4 million and a price-to-earnings ratio of 46.93.
Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.22 by $0.02. The company had revenue of $118.20 million for the quarter, compared to the consensus estimate of $118.23 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts predict that Inter Parfums will post $0.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Friday, September 26th.
A number of other analysts have also recently weighed in on IPAR. Analysts at Zacks downgraded shares of Inter Parfums from a “neutral” rating to an “underperform” rating in a research note on Thursday, August 7th. They now have a $25.50 price target on the stock. 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, July 25th. 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $31.38.
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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