Buckingham Research Downgrades Crocs (CROX) to Underperform
Crocs (NASDAQ:CROX) was downgraded by investment analysts at Buckingham Research from a “neutral” rating to an “underperform” rating in a research note issued to investors on Friday, The Fly reports.
A number of other brokerages have also recently issued reports on CROX. BidaskClub raised Crocs from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 27th. Stifel Nicolaus upgraded Crocs from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. CL King lowered Crocs from a “buy” rating to a “neutral” rating in a research note on Monday, November 20th. ValuEngine upgraded Crocs from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. Finally, Zacks Investment Research upgraded Crocs from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $8.75.
Shares of Crocs (NASDAQ CROX) opened at $12.70 on Friday. The stock has a market capitalization of $898.72, a PE ratio of -36.28, a P/E/G ratio of 3.13 and a beta of 0.43. Crocs has a 1-year low of $5.93 and a 1-year high of $13.34.
Crocs, Inc is engaged in the design, development, manufacturing, marketing, distribution and sale of casual lifestyle footwear and accessories for men, women, and children. The Company’s segments include Americas, Asia Pacific and Europe. Its products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials.
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