American Greetings Rating Lowered to Underperform at Zacks (AM)
American Greetings (NYSE: AM) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Friday. They currently have a $15.60 target price on the stock.
American Greetings traded up 1.17% on Friday, hitting $16.39. American Greetings has a 1-year low of $12.53 and a 1-year high of $17.49. The stock’s 50-day moving average is currently $16.25. The company’s market cap is $518.5 million.
American Greetings last released its earnings data on Thursday, December 20th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.48 by $0.51. The company had revenue of $506.80 million for the quarter, compared to the consensus estimate of $533.29 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Analysts expect that American Greetings will post $0.80 EPS for the current fiscal year.
Separately, analysts at TheStreet downgraded shares of American Greetings to a “hold” rating in a research note to investors on Friday, December 7th.
American Greetings Corporation (American Greetings) is engaged in the design, manufacture and sale of everyday and seasonal greeting cards and other social expression products.
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