KeyCorp Lowers Inter Parfums (IPAR) to Sector Weight
Inter Parfums (NASDAQ:IPAR) was downgraded by stock analysts at KeyCorp from an “overweight” rating to a “sector weight” rating in a report released on Monday, Marketbeat reports.
Other equities analysts have also recently issued research reports about the company. DA Davidson upgraded Inter Parfums from a “neutral” rating to a “buy” rating and raised their price target for the company from $46.00 to $51.00 in a report on Wednesday, January 10th. BidaskClub cut Inter Parfums from a “buy” rating to a “hold” rating in a report on Friday, December 29th. Citigroup set a $52.00 price target on Inter Parfums and gave the company a “buy” rating in a report on Wednesday, January 3rd. Sidoti cut Inter Parfums from a “buy” rating to a “neutral” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research cut Inter Parfums from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $46.17.
Shares of Inter Parfums (NASDAQ:IPAR) opened at $48.00 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.54 and a current ratio of 3.39. Inter Parfums has a 1 year low of $31.50 and a 1 year high of $48.35. The stock has a market capitalization of $1,440.00, a PE ratio of 36.64, a P/E/G ratio of 2.70 and a beta of 1.77.
In related news, CEO Jean Madar sold 8,200 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $44.00, for a total transaction of $360,800.00. Following the completion of the sale, the chief executive officer now directly owns 74,407 shares of the company’s stock, valued at approximately $3,273,908. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Philippe Benacin sold 19,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $43.97, for a total value of $835,430.00. Following the sale, the insider now directly owns 74,876 shares of the company’s stock, valued at $3,292,297.72. The disclosure for this sale can be found here. Insiders sold a total of 44,595 shares of company stock valued at $2,010,612 over the last ninety days. Corporate insiders own 45.40% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC bought a new stake in shares of Inter Parfums during the 3rd quarter worth approximately $218,000. Victory Capital Management Inc. lifted its stake in shares of Inter Parfums by 38.8% during the 3rd quarter. Victory Capital Management Inc. now owns 5,686 shares of the company’s stock worth $235,000 after acquiring an additional 1,589 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in shares of Inter Parfums during the 3rd quarter worth approximately $268,000. AHL Partners LLP bought a new stake in shares of Inter Parfums during the 2nd quarter worth approximately $242,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Inter Parfums during the 4th quarter worth approximately $329,000. 55.48% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://theolympiareport.com/2018/01/24/keycorp-lowers-inter-parfums-ipar-to-sector-weight.html.
Inter Parfums Company Profile
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners.
Receive News & Ratings for Inter Parfums Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Parfums and related companies with MarketBeat.com's FREE daily email newsletter.