Abercrombie & Fitch Company (ANF) : Analyst Rating Update

Abercrombie & Fitch Company (ANF) has an average broker rating of 2.53, which is interpreted as a Hold, as rated by 19 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 11 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Abercrombie & Fitch Company (ANF) : 15 Wall Street analysts covering Abercrombie & Fitch Company (ANF) believe that the average level the stock could reach for the short term is $24.47. The maximum price target given is $35 and the minimum target for short term is around $17, hence the standard deviation is calculated at $5.37.

Abercrombie & Fitch Company (NYSE:ANF): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.54 and $17.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.09, notching a gain of 2.90% for the day. The total traded volume was 2,440,113 . The stock had closed at $17.58 on the previous day.

Also, In a research note released to the investors, Deutsche Bank upgrades its rating on Abercrombie & Fitch Company (NYSE:ANF).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Sell by the brokerage firm. The rating by the firm was issued on June 15, 2016. The company shares have dropped -17.74% from its 1 Year high price. On Mar 7, 2016, the shares registered one year high at $32.83 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $19.89 and the 200 Day Moving Average price is recorded at $25.86.

Abercrombie & Fitch Co. (A&F) is a retailer that operates stores and direct-to-consumer operations. The Company operates through three business segments: U.S. Stores, International Stores and Direct-to-Consumer. The U.S. Stores segment includes store operations in the United States and Puerto Rico. The International Stores segment includes store operations in Canada, Europe, Asia, Australia and the Middle East. The Direct-to-Consumer segment includes operations directly associated with on-line operations, both United States and international. A&F sells products, including casual sportswear apparel, including knit and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters and outerwear; personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids and Hollister brands. It also sells bras, underwear, personal care products, sleepwear and at-home products for girls through Hollister under the Gilly Hicks brand.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.