Credit Suisse Boosts Tiffany & Co. Price Target to $112.00 (TIF)
Analysts at Credit Suisse increased their price objective on shares of Tiffany & Co. (NYSE:TIF) from $104.00 to $112.00 in a research report issued to clients and investors on Thursday. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price objective indicates a potential upside of 10.07% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Telsey Advisory Group raised their price target on shares of Tiffany & Co. from $108.00 to $116.00 in a research note on Thursday. They now have a “not rated” rating on the stock. Separately, analysts at KeyCorp raised their price target on shares of Tiffany & Co. from $110.00 to $112.00 in a research note on Thursday. Finally, analysts at Canaccord Genuity raised their price target on shares of Tiffany & Co. from $85.00 to $95.00 in a research note on Wednesday. They now have a “hold” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Tiffany & Co. has an average rating of “Buy” and an average price target of $99.60.
Tiffany & Co. (NYSE:TIF) opened at 101.75 on Thursday. Tiffany & Co. has a 52-week low of $73.63 and a 52-week high of $105.66. The stock has a 50-day moving average of $99.22 and a 200-day moving average of $94.12. The company has a market cap of $13.130 billion and a P/E ratio of 58.08. Tiffany & Co. also was the target of some unusual options trading on Tuesday. Traders bought 15,675 call options on the stock. This represents an increase of approximately 740% compared to the average volume of 1,865 call options.
Tiffany & Co. (NYSE:TIF) last released its earnings data on Wednesday, August 27th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.11. The company had revenue of $993.00 million for the quarter, compared to the consensus estimate of $987.90 million. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Analysts expect that Tiffany & Co. will post $4.29 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 10th. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Thursday, September 18th.
Tiffany & Co (NYSE:TIF) is a holding company that operates through its subsidiary companies.