Quiksilver Given Average Rating of “Hold” by Brokerages (NYSE:ZQK)
Quiksilver (NYSE:ZQK) has received an average recommendation of “Hold” from the ten analysts that are covering the stock, AmericanBankingNews.com reports. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $6.53.
A number of research firms have recently commented on ZQK. Analysts at Zacks upgraded shares of Quiksilver from an “underperform” rating to a “neutral” rating in a research note on Monday, August 11th. They now have a $3.20 price target on the stock. Separately, analysts at Roth Capital cut their price target on shares of Quiksilver to $4.00 in a research note on Monday, June 9th. Finally, analysts at DA Davidson cut their price target on shares of Quiksilver from $10.00 to $5.00 in a research note on Wednesday, June 4th. They now have a “buy” rating on the stock.
Shares of Quiksilver (NYSE:ZQK) traded up 1.65% during mid-day trading on Monday, hitting $3.08. 114,602 shares of the company’s stock traded hands. Quiksilver has a 52-week low of $2.77 and a 52-week high of $9.29. The stock has a 50-day moving average of $3.25 and a 200-day moving average of $5.66. The company’s market cap is $525.8 million.
Quiksilver (NYSE:ZQK) last issued its quarterly earnings data on Monday, June 2nd. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.13. The company had revenue of $408.00 million for the quarter, compared to the consensus estimate of $448.60 million. During the same quarter in the previous year, the company posted ($0.12) earnings per share. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. On average, analysts predict that Quiksilver will post $-0.17 earnings per share for the current fiscal year.
Quiksilver, Inc is a diversified company that designs, develops and distributes branded apparel, footwear, accessories and related products, catering to the casual, youth lifestyle associated with the sports of surfing, skateboarding and snowboarding.
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