Zacks Gives Neutral Rating to Tiffany & Co. (TIF)

By admin | 6 years ago

Tiffany & Co. (NYSE: TIF)‘s stock had its “neutral” rating reiterated by Zacks in a note issued to investors on Monday. They currently have a $59.00 target price on the stock.

Shares of Tiffany & Co. opened at 56.32 on Monday. Tiffany & Co. has a 52 week low of $55.75 and a 52 week high of $84.49. The company has a market cap of $7.137 billion and a P/E ratio of 16.51.

Tiffany & Co. last announced its earnings results on Thursday, May 24th. The company reported $0.64 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.70 by $0.06. Tiffany & Co.’s revenue was up 7.6% compared to the same quarter last year. On average, analysts predict that Tiffany & Co. will post $0.68 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of Tiffany & Co. in a research note to investors on Friday. Separately, analysts at Goldman Sachs (NYSE: GS) reiterated a “neutral” rating on shares of Tiffany & Co. in a research note to investors on Friday. Finally, analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of Tiffany & Co. in a research note to investors on Friday.

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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