ValuEngine upgraded shares of Fred's (NASDAQ:FRED) from a strong sell rating to a sell rating in a research note released on Wednesday.
Several other research firms have also recently issued reports on FRED. Loop Capital reaffirmed a hold rating and issued a $4.00 price target on shares of Fred's in a report on Thursday, December 7th. Zacks Investment Research cut Fred's from a hold rating to a strong sell rating in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $6.00.
NASDAQ FRED opened at $2.96 on Wednesday. Fred's has a 1 year low of $2.36 and a 1 year high of $16.27. The company has a current ratio of 1.78, a quick ratio of 0.44 and a debt-to-equity ratio of 0.77.
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Fred’s, Inc (Fred’s) is engaged in the sale of general merchandise through its retail discount stores and full service pharmacies. The Company sells general merchandise to its over 20 franchisees. The Company has approximately 660 retail stores, over 370 pharmacies, and approximately three specialty pharmacy facilities located in over 15 states mainly in the Southeastern United States.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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