Deutsche Bank Gives Buy Rating to Nordstrom (JWN)

By admin | 6 years ago

Nordstrom (NYSE: JWN)‘s stock had its “buy” rating reiterated by equities research analysts at Deutsche Bank (NYSE: DB) in a research note issued to investors on Friday.

Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs (NYSE: GS) reiterated a “buy” rating on shares of Nordstrom in a research note to investors on Friday. Separately, analysts at Credit Agricole upgraded shares of Nordstrom from an “underperform” rating to an “outperform” rating in a research note to investors on Monday, April 16th. Finally, analysts at CLSA upgraded shares of Nordstrom from an “underperform” rating to an “outperform” rating in a research note to investors on Monday, April 16th.

Shares of Nordstrom opened at 50.96 on Friday. Nordstrom has a 52 week low of $37.28 and a 52 week high of $56.75. The company has a market cap of $10.630 billion and a P/E ratio of 15.94.

Nordstrom last announced its earnings results on Thursday, May 10th. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.75 by $0.05. Nordstrom’s revenue was up 13.7% compared to the same quarter last year. Analysts expect that Nordstrom will post $0.68 EPS next quarter.

Nordstrom, Inc. is a fashion specialty retailer. The Company offers apparel, shoes, cosmetics and accessories for women, men and children.

About the author