Credit Agricole Raises Fossil to Buy (FOSL)

By admin | 7 years ago

Fossil (NASDAQ: FOSL) was upgraded by equities researchers at Credit Agricole to a “buy” rating in a report issued on Tuesday. The firm currently has a $145.00 target price on the stock.

Fossil opened at 78.52 on Tuesday. Fossil has a 1-year low of $69.57 and a 1-year high of $139.20. The company has a market cap of $4.852 billion and a price-to-earnings ratio of 17.03.

Fossil last released its earnings data on Tuesday, May 8th. The company reported $0.93 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.92 by $0.01. Fossil’s revenue was up 9.8% compared to the same quarter last year. Analysts expect that Fossil will post $0.94 EPS next quarter.

A number of other firms have also recently commented on FOSL. Analysts at CLSA upgraded shares of Fossil from an “outperform” rating to a “buy” rating in a research note to investors on Tuesday. Separately, analysts at Macquarie initiated coverage on shares of Fossil in a research note to investors on Monday, April 16th. They set an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Fossil in a research note to investors on Friday, April 13rd. They now have a $140.00 price target on the stock.

Fossil, Inc. is a global designer, marketer and distributer company that specializes in consumer fashion accessories.

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