Tiffany & Co. Rating Lowered to Outperform at Credit Agricole (TIF)

By admin | 6 years ago

Tiffany & Co. (NYSE: TIF) was downgraded by equities research analysts at Credit Agricole to an “outperform” rating in a research note issued to investors on Monday.

A number of other firms have also recently commented on TIF. Analysts at CLSA downgraded shares of Tiffany & Co. from a “buy” rating to an “outperform” rating in a research note to investors on Monday. Separately, analysts at Macquarie initiated coverage on shares of Tiffany & Co. in a research note to investors on Monday, April 16th. They set a “neutral” rating on the stock. Finally, analysts at Oppenheimer (NYSE: OPY) raised their price target on shares of Tiffany & Co. from $75.00 to $83.00 in a research note to investors on Wednesday, April 4th. They now have an “outperform” rating on the stock.

Tiffany & Co. traded up 0.28% on Monday, hitting $61.76. Tiffany & Co. has a 52-week low of $56.21 and a 52-week high of $84.49. The company has a market cap of $7.805 billion and a price-to-earnings ratio of 18.11.

Tiffany & Co. last posted its quarterly earnings results on Tuesday, March 20th. The company reported $1.39 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.42 by $0.03. Tiffany & Co.’s revenue was up 7.8% compared to the same quarter last year. Analysts expect that Tiffany & Co. will post $0.85 EPS next quarter.

Tiffany & Co is a holding company and conducts all business through its subsidiary companies. The Company, through its subsidiaries, including Tiffany and Company (Tiffany), sells fine jewelry and other items that it manufactures or has been made by others.

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