HSN Rating Increased to Buy at Citigroup (HSNI)

By admin | 7 years ago

HSN (NASDAQ: HSNI) was upgraded by equities researchers at Citigroup (NYSE: C) from a “neutral” rating to a “buy” rating in a report issued on Tuesday. The firm currently has a $42.50 target price on the stock.

HSN traded down 0.03% on Tuesday, hitting $36.50. HSN has a 52-week low of $27.55 and a 52-week high of $40.00. The company has a market cap of $2.104 billion and a price-to-earnings ratio of 17.15.

HSN last released its earnings data on Wednesday, May 2nd. The company reported $0.50 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.06. HSN’s revenue was up 5.2% compared to the same quarter last year. Analysts expect that HSN will post $0.46 EPS next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Wunderlich raised their price target on shares of HSN from $42.00 to $46.00 in a research note to investors on Wednesday, March 14th. They now have a “buy” rating on the stock. Analysts at Sidoti initiated coverage on shares of HSN in a research note to investors on Monday, March 12nd. They set a “buy” rating on the stock.

HSN, Inc. (HSNi) is an interactive multi-channel retailer offering retail experiences on television (TV), online, in catalogs and in retail and outlet stores through its two operating segments, HSN and Cornerstone.

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