Pacific Sunwear of California Price Target Cut to $3.00 by Analysts at Mizuho (PSUN)
Stock analysts at Mizuho cut their target price on shares of Pacific Sunwear of California (NASDAQ:PSUN) from $3.50 to $3.00 in a report issued on Friday. Mizuho’s price target indicates a potential upside of 44.23% from the company’s current price.
Pacific Sunwear of California (NASDAQ:PSUN) traded down 9.57% on Friday, hitting $2.08. The stock had a trading volume of 865,660 shares. Pacific Sunwear of California has a 52 week low of $1.84 and a 52 week high of $3.95. The stock has a 50-day moving average of $2.10 and a 200-day moving average of $2.56. The company’s market cap is $143.3 million.
Pacific Sunwear of California (NASDAQ:PSUN) last announced its earnings results on Thursday, August 28th. The company reported ($0.03) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.03). The company had revenue of $211.70 million for the quarter, compared to the consensus estimate of $208.48 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, analysts predict that Pacific Sunwear of California will post $-0.28 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on PSUN. Analysts at B. Riley cut their price target on shares of Pacific Sunwear of California from $2.10 to $2.00 in a research note on Friday. Separately, analysts at Davidson cut their price target on shares of Pacific Sunwear of California from $4.00 to $3.00 in a research note on Friday, August 1st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $3.06.
Pacific Sunwear of California, Inc is a specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle.
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