UBS AG Gives Buy Rating to V.F. (VFC)

By admin | 6 years ago

V.F. (NYSE: VFC)‘s stock had its “buy” rating reaffirmed by UBS AG (NYSE: UBS) in a research note issued on Monday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of V.F. to $180.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Separately, analysts at Bank of America (NYSE: BAC) raised their price target on shares of V.F. from $160.00 to $170.00 in a research note to investors on Sunday. They now have a “buy” rating on the stock. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of V.F. in a research note to investors on Friday, April 13rd. They set a “neutral” rating on the stock.

V.F. traded up 1.45% on Monday, hitting $154.26. V.F. has a 52-week low of $91.60 and a 52-week high of $155.84. The company has a market cap of $17.050 billion and a price-to-earnings ratio of 18.85.

The company last announced its quarterly results on Friday, April 27th. It reported $1.94 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.87 EPS by $0.07. The company’s quarterly revenue was up 30.5% on a year-over-year basis. Analysts expect that V.F. will post $3.57 EPS next quarter.

V.F. Corporation (VF) is a global apparel company based in the United States. VF designs and manufactures or sources from independent contractors a variety of apparel and footwear for all ages.

About the author