BidaskClub upgraded shares of Inter Parfums (NASDAQ:IPAR) from a sell rating to a hold rating in a research note published on Saturday morning.
Several other equities research analysts also recently commented on IPAR. DA Davidson lowered their price objective on shares of Inter Parfums from $49.00 to $46.00 and set a neutral rating for the company in a research note on Wednesday, November 15th. Citigroup set a $52.00 price objective on shares of Inter Parfums and gave the stock a buy rating in a research note on Wednesday, January 3rd. Zacks Investment Research downgraded shares of Inter Parfums from a hold rating to a sell rating in a research note on Wednesday, January 10th. Finally, KeyCorp downgraded shares of Inter Parfums from an overweight rating to a sector weight rating in a research note on Monday, January 22nd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $46.86.
Shares of Inter Parfums (NASDAQ IPAR) opened at $47.75 on Friday. Inter Parfums has a one year low of $33.72 and a one year high of $48.35. The company has a current ratio of 3.39, a quick ratio of 2.54 and a debt-to-equity ratio of 0.07. The company has a market cap of $1,490.00, a price-to-earnings ratio of 36.45, a PEG ratio of 2.68 and a beta of 1.70.
Institutional investors have recently modified their holdings of the stock. Crossmark Global Holdings Inc. purchased a new position in shares of Inter Parfums during the fourth quarter worth $206,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Inter Parfums during the third quarter worth $218,000. LPL Financial LLC purchased a new position in shares of Inter Parfums during the fourth quarter worth $222,000. Millennium Management LLC purchased a new position in shares of Inter Parfums during the fourth quarter worth $233,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Inter Parfums by 38.8% during the third quarter. Victory Capital Management Inc. now owns 5,686 shares of the company’s stock worth $235,000 after purchasing an additional 1,589 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.
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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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