Jefferies Group Reiterates Buy Rating for SFX Entertainment (SFXE)
SFX Entertainment (NASDAQ:SFXE)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Group in a research report issued on Friday. They currently have a $15.00 target price on the stock, down from their previous target price of $17.00. Jefferies Group’s price target would suggest a potential upside of 122.22% from the stock’s previous close.
Separately, analysts at Albert Fried & Company initiated coverage on shares of SFX Entertainment in a research note on Monday, June 30th. They set an “overweight” rating and a $11.00 price target on the stock.
Shares of SFX Entertainment (NASDAQ:SFXE) opened at 6.75 on Friday. SFX Entertainment has a 52 week low of $5.41 and a 52 week high of $13.39. The stock has a 50-day moving average of $7.05 and a 200-day moving average of $7.53. The company’s market cap is $602.3 million.
SFX Entertainment (NASDAQ:SFXE) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.50) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.16) by $0.34. The company had revenue of $82.00 million for the quarter, compared to the consensus estimate of $82.90 million. Analysts expect that SFX Entertainment will post $-0.86 EPS for the current fiscal year.
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