Inter Parfums (NASDAQ:IPAR) was upgraded by investment analysts at DA Davidson from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage currently has a $78.00 target price on the stock. DA Davidson’s target price would suggest a potential upside of 15.27% from the stock’s previous close.
A number of other equities research analysts have also weighed in on IPAR. Zacks Investment Research raised Inter Parfums from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. BidaskClub raised Inter Parfums from a “hold” rating to a “buy” rating in a research note on Monday, February 25th. Raymond James boosted their target price on Inter Parfums from $68.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Finally, Citigroup boosted their target price on Inter Parfums from $64.00 to $79.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $74.00.
Shares of IPAR stock opened at $67.67 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.10 and a quick ratio of 2.20. Inter Parfums has a 12-month low of $52.65 and a 12-month high of $80.99. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 39.57, a PEG ratio of 2.87 and a beta of 0.99.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mason Street Advisors LLC lifted its stake in shares of Inter Parfums by 3.8% in the 1st quarter. Mason Street Advisors LLC now owns 5,554 shares of the company’s stock valued at $421,000 after acquiring an additional 202 shares during the last quarter. First Mercantile Trust Co. increased its holdings in Inter Parfums by 9.0% during the 1st quarter. First Mercantile Trust Co. now owns 2,944 shares of the company’s stock valued at $223,000 after purchasing an additional 244 shares during the period. Piedmont Investment Advisors Inc. increased its holdings in Inter Parfums by 6.3% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 4,361 shares of the company’s stock valued at $331,000 after purchasing an additional 257 shares during the period. LPL Financial LLC increased its holdings in Inter Parfums by 4.0% during the 4th quarter. LPL Financial LLC now owns 7,075 shares of the company’s stock valued at $464,000 after purchasing an additional 269 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Inter Parfums by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 7,810 shares of the company’s stock valued at $512,000 after purchasing an additional 304 shares during the period. 55.38% of the stock is owned by institutional investors.
Inter Parfums Company Profile
Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, S.T.
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