Guess? Stock Rating Upgraded by Standpoint Research (GES)
Guess? (NYSE:GES) was upgraded by research analysts at Standpoint Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm currently has a $32.00 target price on the stock. Standpoint Research’s price objective points to a potential upside of 27.14% from the company’s current price.
Shares of Guess? (NYSE:GES) traded up 0.04% on Friday, hitting $25.18. 80,752 shares of the company’s stock traded hands. Guess? has a 52-week low of $24.60 and a 52-week high of $34.94. The stock’s 50-day moving average is $26.5 and its 200-day moving average is $27.48. The company has a market cap of $2.147 billion and a P/E ratio of 15.25.
Guess? (NYSE:GES) last announced its earnings results on Thursday, May 29th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.06) by $0.03. The company had revenue of $522.50 million for the quarter, compared to the consensus estimate of $528.44 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. On average, analysts predict that Guess? will post $1.46 earnings per share for the current fiscal year.
A number of other firms have also recently commented on GES. Analysts at Piper Jaffray downgraded shares of Guess? from an “overweight” rating to a “neutral” rating in a research note on Tuesday. They now have a $25.00 price target on the stock, down previously from $29.00. Separately, analysts at Wunderlich initiated coverage on shares of Guess? in a research note on Thursday, August 14th. They set a “buy” rating and a $31.00 price target on the stock. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Guess? has an average rating of “Hold” and a consensus price target of $30.92.
Guess?, Inc (NYSE:GES) designs, markets, distributes and licenses apparel and accessories for men, women and children.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.