Stock analysts at KeyCorp assumed coverage on shares of Farfetch (NYSE:FTCH) in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The brokerage set an “overweight” rating and a $27.00 price target on the stock. KeyCorp’s target price would suggest a potential upside of 23.01% from the stock’s current price.
Several other research analysts also recently commented on the stock. Zacks Investment Research raised shares of Farfetch from a “sell” rating to a “hold” rating in a report on Monday. Sanford C. Bernstein raised shares of Farfetch from an “underperform” rating to a “market perform” rating in a report on Friday, June 7th. Credit Suisse Group raised their price target on shares of Farfetch from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. Finally, Oppenheimer started coverage on shares of Farfetch in a report on Monday, March 11th. They issued an “outperform” rating and a $34.00 price target for the company. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $28.09.
Farfetch stock opened at $21.95 on Wednesday. Farfetch has a 1-year low of $15.98 and a 1-year high of $32.40. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.57 and a quick ratio of 4.22.
Farfetch (NYSE:FTCH) last released its quarterly earnings data on Wednesday, May 15th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.19). The company had revenue of $174.06 million for the quarter, compared to analyst estimates of $171.06 million. During the same period last year, the company earned ($0.20) EPS. The company’s quarterly revenue was up 38.6% compared to the same quarter last year. On average, sell-side analysts predict that Farfetch will post -0.88 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of Farfetch by 163.6% during the 4th quarter. Barclays PLC now owns 5,800 shares of the company’s stock worth $103,000 after acquiring an additional 3,600 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in shares of Farfetch during the 4th quarter worth $135,000. Janney Montgomery Scott LLC bought a new stake in shares of Farfetch during the 4th quarter worth $226,000. FNY Investment Advisers LLC bought a new stake in shares of Farfetch during the 1st quarter worth $228,000. Finally, Parkwood LLC bought a new stake in shares of Farfetch during the 4th quarter worth $231,000. 48.31% of the stock is owned by institutional investors.
Farfetch Company Profile
Farfetch Ltd. engages in the retail of fashion and luxury goods. It offers womenswear, menswear, kidswear, vintage, fine watches, and fine jewelry. The company was founded by José Manuel Ferreira Neves in 2007 and launched in 2008 and is headquartered in London, the United Kingdom.
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