RL Has Its Earnings Estimates Reduced By Analysts

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RL

Several research equities have gone ahead and reduced the Q2 earnings of RL in a Friday research report. E. Murphy, the analyst from Piper Sandler now expected the company to produce an EPS of $1.55 for the quarter, which is quite a downgrade from the previous EPS estimate of $1.81. The rating has been set at overweight by the brokerage with a price target of $102 on the company.

The Stock Commentary Of RL

There have been quite a few research equities that have commented on the stocks of RL. Needham & Company LLC has already increased the price target of the company to $112 with a rating of buy in a 1st February research report. Cowen has also increased the price rating of the company to outperform with a price target of $152 in a 4th May research report.

Wells Fargo & Company has increased the price target to $150 with a rating of overweight in a 4th May research report. BMO Capital Markets has increased the price target of the company from $92 to $99 with a rating of “market perform” in a Friday research report. In the end, Deutsche Bank decided to reduce the price target of the company from $131 to $119 with a rating of hold in a Friday research report. 

Seven investment analysts have already issued the stocks with a rating of hold, while eleven others have given the company a rating of buy. One investment analyst has provided the company with a rating of strong buy. Currently, RL has a buy rating with a $121.95 price target.

The stocks of RL traded on Monday at $121.09. The market cap of the firm is $8.85 billion, with a -72.08 PE ratio, along with a 2.26 PEG ratio. The moving average price of the company over a period of 50 days is $128.93, with the moving average price of the company over a period of 200 days set at $110.45. The current ratio of the company is 2.66, with a 2.03 quick ratio, along with a 0.63 debt-to-equity ratio. The year low of the company is $63.90, with a year high set at $142.06.