Sears Holdings Corp Receives “Underperform” Rating from Credit Suisse (SHLD)
Sears Holdings Corp (NASDAQ: SHLD)‘s stock had its “underperform” rating restated by analysts at Credit Suisse in a research report issued to clients and investors on Monday. They currently have a $20.00 price target on the stock.
A number of other firms have also recently commented on SHLD. Analysts at Desjardins cut their price target on shares of Sears Holdings Corp from $9.00 to $8.50 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Sears Holdings Corp in a research note to investors on Thursday, December 13th. They now have a $44.00 price target on the stock.
Two equities research analysts have rated the stock with a hold rating, and two have issued a sell rating to the company’s stock. The stock has an average rating of “underweight” and a consensus price target of $20.00.
Sears Holdings Corp traded down 1.22% on Monday, hitting $43.82. Sears Holdings Corp has a 52-week low of $38.40 and a 52-week high of $85.90. The stock’s 50-day moving average is currently $46.44. The company’s market cap is $4.662 billion.
Sears Holdings Corp last posted its quarterly earnings results on Thursday, February 28th. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.98 by $0.14. The company had revenue of $12.26 billion for the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. On average, analysts predict that Sears Holdings Corp will post $-3.14 earnings per share for the current fiscal year.
Sears Holdings Corporation (Holdings) is the parent company of Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co (Sears).
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