Zacks Investment Research downgraded Inter Parfums, Inc. (NASDAQ:IPAR) to Hold in a report released today.
- Updated: October 11, 2016
Zacks Investment Research has downgraded Inter Parfums, Inc. (NASDAQ:IPAR) to Hold in a report released on 10/12/2016.
Previously on 8/15/2016, Brean Capital reported on Inter Parfums, Inc. (NASDAQ:IPAR) increased the target price from $36.00 to $40.00. At the time, this indicated a possible upside of 0.17%.
Yesterday Inter Parfums, Inc. (NASDAQ:IPAR) traded -2.62% lower at $31.99. The company’s 50-day moving average is $32.87 and its 200-day moving average is $31.05. The last closing price is up 3.03% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 62,451 shares of the stock traded hands, down from an average trading volume of 105,862
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Inter Parfums, Inc. has a 52 week low of $20.37 and a 52 week high of $35.07 with a P/E ratio of 34.03 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 6 brokers have issued a report on the company. The average stock price target is $35.00 with 1 broker rating the stock a strong buy, 2 brokers rating the stock a buy, 4 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Inter Parfums, Inc. (NASDAQ:IPAR)
Inter Parfums, Inc. operates in the fragrance business. The Company manufactures, markets and distributes fragrances and fragrance-related products. It operates in two segments: European based operations and United States based operations. Under its European Operations, the Company produces and distributes fragrance products primarily under license agreements with brand owners and its prestige brands include Balmain, Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, S.T. Dupont, Repetto, Rochas and Van Cleef & Arpels. Prestige brand fragrance products are also marketed under its United States operations. These fragrance products are sold under trademarks owned by the Company or pursuant to license or other agreements with the owners of brands, which include Abercrombie & Fitch, Agent Provocateur, Anna Sui, Banana Republic, bebe, Dunhill, Hollister, French Connection, Oscar de la Renta, and Shanghai Tang brands.
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