Crocs (CROX) : Analyst Rating Update

Crocs (CROX) has an average broker rating of 2.43, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 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 3, which is also a Hold.

Crocs (CROX) : The highest short term price target forecast on Crocs (CROX) is $13 and the lowest target price is $10. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $11.08 with a standard deviation of $1.36.

Crocs (NASDAQ:CROX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.70 and $10.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.87, notching a gain of 0.65% for the day. The total traded volume was 728,376 . The stock had closed at $10.80 on the previous day.

Also, In the latest statement by the brokerage house, Sterne Agee CRT upgrades its outlook on Crocs (NASDAQ:CROX). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on May 10, 2016. The company shares have dropped -24.48% from its 1 Year high price. On Aug 3, 2015, the shares registered one year high at $15.86 and the one year low was seen on May 9, 2016. The 50-Day Moving Average price is $10.34 and the 200 Day Moving Average price is recorded at $9.59.

Crocs, Inc. is engaged in the design, development, manufacturing, worldwide marketing and distribution of casual lifestyle footwear, apparel and accessories for men, women and children. The Companys products include footwear and accessories. The Company operates four reportable operating segments based on the geographic nature of its operations: Americas, Asia Pacific, Japan and Europe. The Americas segment consists of product sales in the North and South America geographic regions. The Asia Pacific segment consists of product sales throughout Asia (excluding Japan), Australia, New Zealand, the Middle East and South Africa. The Japan segment consists of product sales in Japan. The Europe segment consists of product sales throughout Europe and Russia. The Company sells its products in more than 90 countries through domestic and international retailers and distributors and directly to end-user consumers through company-operated retail stores, outlets, Webstores and kiosks.

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