Pernod Ricard SA (OTCMKTS:PDRDY) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 13,500 shares, a drop of 80.0% from the August 15th total of 67,400 shares. Based on an average trading volume of 138,100 shares, the days-to-cover ratio is presently 0.1 days.
PDRDY has been the topic of a number of recent analyst reports. Credit Suisse Group reaffirmed a “neutral” rating on shares of Pernod Ricard in a research note on Thursday, September 2nd. Barclays reaffirmed an “overweight” rating on shares of Pernod Ricard in a research note on Thursday, September 2nd. Berenberg Bank reaffirmed a “buy” rating on shares of Pernod Ricard in a research note on Friday, June 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of Pernod Ricard in a research note on Tuesday, September 7th. Finally, JPMorgan Chase & Co. raised shares of Pernod Ricard from a “neutral” rating to an “overweight” rating in a research note on Thursday, September 9th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Pernod Ricard has an average rating of “Buy” and a consensus target price of $46.03.
PDRDY traded down $0.12 during trading hours on Wednesday, reaching $44.64. 53,383 shares of the stock traded hands, compared to its average volume of 104,538. The firm’s fifty day simple moving average is $43.33 and its two-hundred day simple moving average is $42.04. The company has a market cap of $59.24 billion, a price-to-earnings ratio of 30.37 and a beta of 0.53. Pernod Ricard has a fifty-two week low of $30.53 and a fifty-two week high of $45.30. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.30 and a quick ratio of 0.94.
Pernod Ricard SA engages in the manufacture of wines, spirits, and non-alcoholic beverages. The firm offers products under the brands Absolut Vodka, Chivas Regal, Ballantine’s, Beefeater, Jameson, Kahlúa, Malibu, Ricard, Havana Club, Martell, Cognac, The Glenlivet, G.H. Mumm, Perrier-Jouët, Royal Salute, Brancott Estate, Graffigna, Campo Viejo, Jacob’s Creek, Kenwood, Pastis 51, 100 Pipers, ArArAt, Becherovka, Blenders Pride, Clan Campbell, Imperial, Seagram’s Imperial Blue, Olmeca, Passport Scotch, Amaro Ramazzotti, Ruavieja, Royal Stag, Seagram’s Gin, Something Special, Suze, Wiser’s, and Wyborowa.
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