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Equities research analysts at DA Davidson decreased their target price on shares of Quiksilver (NYSE:ZQK) from $5.00 to $4.00 in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. DA Davidson’s target price would suggest a potential upside of 41.34% from the stock’s previous close.

ZQK has been the subject of a number of other recent research reports. 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. Analysts at Roth Capital cut their price target on shares of Quiksilver to $4.00 in a research note on Monday, June 9th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.37.

Shares of Quiksilver (NYSE:ZQK) opened at 2.83 on Friday. Quiksilver has a 52-week low of $2.65 and a 52-week high of $9.29. The stock’s 50-day moving average is $3.09 and its 200-day moving average is $5.27. The company’s market cap is $483.2 million.

Quiksilver (NYSE:ZQK) last released its earnings data on Thursday, September 4th. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.03 by $0.23. The company had revenue of $395.70 million for the quarter, compared to the consensus estimate of $440.64 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was down 18.7% on a year-over-year basis. On average, analysts predict that Quiksilver will post $-0.21 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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