Inter Parfums (NASDAQ:IPAR) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report issued on Wednesday.
A number of other equities analysts have also commented on the stock. BWS Financial set a $56.00 price target on shares of Inter Parfums and gave the stock a “buy” rating in a report on Monday. Zacks Investment Research lowered shares of Inter Parfums from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. KeyCorp lowered shares of Inter Parfums from an “overweight” rating to a “sector weight” rating in a report on Monday, January 22nd. Citigroup lowered shares of Inter Parfums from a “buy” rating to a “neutral” rating and set a $52.00 price target on the stock. in a report on Monday, January 22nd. Finally, DA Davidson raised shares of Inter Parfums from a “neutral” rating to a “buy” rating and increased their price target for the stock from $46.00 to $51.00 in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Inter Parfums currently has a consensus rating of “Hold” and a consensus target price of $46.86.
Inter Parfums (IPAR) opened at $42.85 on Wednesday. The company has a market cap of $1,369.10, a price-to-earnings ratio of 32.22, a PEG ratio of 2.48 and a beta of 1.70. Inter Parfums has a twelve month low of $33.72 and a twelve month high of $48.35. The company has a quick ratio of 2.54, a current ratio of 3.39 and a debt-to-equity ratio of 0.07.
A number of institutional investors have recently made changes to their positions in IPAR. Crossmark Global Holdings Inc. bought a new stake in Inter Parfums in the 4th quarter worth $206,000. Campbell & CO Investment Adviser LLC bought a new stake in Inter Parfums in the 3rd quarter worth $218,000. LPL Financial LLC bought a new stake in Inter Parfums in the 4th quarter worth $222,000. Millennium Management LLC bought a new stake in Inter Parfums in the 4th quarter worth $233,000. Finally, Victory Capital Management Inc. grew its holdings in Inter Parfums by 38.8% in the 3rd quarter. Victory Capital Management Inc. now owns 5,686 shares of the company’s stock worth $235,000 after acquiring an additional 1,589 shares during the last quarter. 55.10% of the stock is currently owned by institutional investors and hedge funds.
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About Inter Parfums
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners.
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