Royal Bank of Canada Boosts Aritzia (ATZ) Price Target to C$23.00

Aritzia (TSE:ATZ) had its price objective raised by analysts at Royal Bank of Canada from C$22.00 to C$23.00 in a report released on Thursday. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 36.82% from the company’s previous close.

ATZ has been the subject of a number of other reports. TD Securities reissued a “buy” rating and issued a C$21.00 target price on shares of Aritzia in a research report on Monday, January 7th. BMO Capital Markets reissued an “outperform” rating and issued a C$21.00 target price on shares of Aritzia in a research report on Friday, January 11th. Robert W. Baird set a C$20.00 target price on Aritzia in a research report on Wednesday, January 2nd. Finally, CIBC raised their target price on Aritzia from C$22.00 to C$23.00 in a research report on Wednesday, January 9th.

Aritzia stock traded up C$0.32 during mid-day trading on Thursday, reaching C$16.81. 577,975 shares of the company’s stock were exchanged, compared to its average volume of 333,691. The firm has a market capitalization of $1.77 billion and a P/E ratio of 25.86. Aritzia has a one year low of C$11.59 and a one year high of C$19.79. The company has a current ratio of 2.09, a quick ratio of 1.05 and a debt-to-equity ratio of 21.18.

Aritzia (TSE:ATZ) last issued its quarterly earnings results on Wednesday, January 9th. The company reported C$0.28 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.27 by C$0.01. The business had revenue of C$242.88 million for the quarter, compared to the consensus estimate of C$235.50 million. Analysts predict that Aritzia will post 0.949999961788368 EPS for the current fiscal year.

Aritzia Company Profile

Aritzia Inc, together with its subsidiaries, operates as a design house and fashion retailer of women's apparel and accessories. The company designs and sells blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, denim, leggings, sweatshirts, bodysuits, puffers, jumpsuits, and intimates; and accessories, including hats, scarves, bags and pouches, socks and tights, belts, iPhone cases, and gloves.

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