Tiffany & Co. Receives Average Rating of “Buy” from Brokerages (NYSE:TIF)
Tiffany & Co. (NYSE:TIF) has received an average rating of “Buy” from the twenty-three ratings firms that are covering the company, AnalystRatingsNetwork reports. Seven analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $98.18.
TIF has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Tiffany & Co. in a research note on Wednesday. They now have a $106.00 price target on the stock, up previously from $104.00. Separately, analysts at Barrington Research initiated coverage on shares of Tiffany & Co. in a research note on Monday, June 23rd. They set a “market perform” rating on the stock. Finally, analysts at HSBC raised their price target on shares of Tiffany & Co. from $110.00 to $122.00 in a research note on Friday, June 20th. They now have an “overweight” rating on the stock.
Tiffany & Co. (NYSE:TIF) opened at 96.99 on Friday. Tiffany & Co. has a 52-week low of $73.63 and a 52-week high of $103.38. The stock’s 50-day moving average is $99.58 and its 200-day moving average is $93.03. The company has a market cap of $12.516 billion and a price-to-earnings ratio of 55.90.
Tiffany & Co. (NYSE:TIF) last announced its earnings results on Wednesday, May 21st. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.19. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $955.05 million. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. Analysts expect that Tiffany & Co. will post $4.29 EPS for the current fiscal year.
Tiffany & Co (NYSE:TIF) is a holding company that operates through its subsidiary companies.
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