Nomura Gives Reduce Rating to Pacific Sunwear of California (PSUN)

By admin | 6 years ago

Pacific Sunwear of California (NASDAQ: PSUN)‘s stock had its “reduce” rating reiterated by equities research analysts at Nomura (NYSE: NMR) in a research note issued to investors on Monday.

A number of other analysts have also recently weighed in on PSUN. Analysts at Wedbush cut their price target on shares of Pacific Sunwear of California from $1.75 to $1.50 in a research note to investors on Friday. They now have an “underperform” rating on the stock. Analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of Pacific Sunwear of California in a research note to investors on Friday.

Pacific Sunwear of California opened at 1.49 on Monday. Pacific Sunwear of California has a 1-year low of $1.11 and a 1-year high of $4.06. The company’s market cap is $100.7 million.

Pacific Sunwear of California last released its earnings data on Thursday, May 17th. The company reported ($0.20) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.29) by $0.09. Pacific Sunwear of California’s revenue was up 1.1% compared to the same quarter last year. Analysts expect that Pacific Sunwear of California will post $-0.04 EPS next quarter.

Pacific Sunwear of California, Inc. (PacSun) is a specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle.

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