Qurate Retail Inc Series A (NASDAQ:QRTEA) Price Target Cut to $16.00 by Analysts at Craig Hallum

Qurate Retail Inc Series A (NASDAQ:QRTEA) had its target price cut by Craig Hallum from $24.00 to $16.00 in a research note issued to investors on Tuesday morning, The Fly reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. ValuEngine upgraded Qurate Retail Inc Series A from a strong sell rating to a sell rating in a report on Wednesday, October 2nd. DA Davidson set a $16.00 price target on Qurate Retail Inc Series A and gave the stock a buy rating in a report on Friday, August 9th. Finally, Zacks Investment Research upgraded Qurate Retail Inc Series A from a hold rating to a buy rating and set a $11.00 price target on the stock in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $19.00.

NASDAQ QRTEA traded up $0.25 during trading on Tuesday, hitting $10.30. 3,497,600 shares of the company’s stock were exchanged, compared to its average volume of 5,235,881. The stock’s 50 day moving average price is $9.76 and its two-hundred day moving average price is $12.04. Qurate Retail Inc Series A has a fifty-two week low of $9.11 and a fifty-two week high of $24.10. The company has a market cap of $4.29 billion, a PE ratio of 5.54, a P/E/G ratio of 0.48 and a beta of 1.16. The company has a current ratio of 1.14, a quick ratio of 0.64 and a debt-to-equity ratio of 1.33.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last announced its earnings results on Monday, November 11th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.08. Qurate Retail Inc Series A had a positive return on equity of 14.94% and a negative net margin of 2.37%. The business had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.12 billion. During the same period in the prior year, the business posted $0.37 earnings per share. The firm’s revenue was down 4.4% on a year-over-year basis. Analysts forecast that Qurate Retail Inc Series A will post 1.92 earnings per share for the current fiscal year.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Institutional investors have recently bought and sold shares of the business. Nuveen Asset Management LLC acquired a new position in shares of Qurate Retail Inc Series A during the second quarter worth approximately $36,510,000. AQR Capital Management LLC raised its position in shares of Qurate Retail Inc Series A by 50.2% during the second quarter. AQR Capital Management LLC now owns 8,772,116 shares of the company’s stock worth $106,757,000 after purchasing an additional 2,931,215 shares during the period. International Value Advisers LLC raised its position in shares of Qurate Retail Inc Series A by 55.2% during the second quarter. International Value Advisers LLC now owns 5,659,240 shares of the company’s stock worth $70,118,000 after purchasing an additional 2,012,010 shares during the period. Wedge Capital Management L L P NC raised its position in shares of Qurate Retail Inc Series A by 58.0% during the second quarter. Wedge Capital Management L L P NC now owns 4,856,078 shares of the company’s stock worth $60,167,000 after purchasing an additional 1,783,548 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of Qurate Retail Inc Series A by 25.9% during the second quarter. Prudential Financial Inc. now owns 5,730,741 shares of the company’s stock worth $71,004,000 after purchasing an additional 1,178,693 shares during the period. Hedge funds and other institutional investors own 90.01% of the company’s stock.

About Qurate Retail Inc Series A

Qurate Retail, Inc, through its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primarily through live video programs, Websites, and mobile applications to 404 million households worldwide each day.

Featured Story: Understanding the two types of arbitrage

The Fly

Analyst Recommendations for Qurate Retail Inc Series A (NASDAQ:QRTEA)

Leave a Reply

Your email address will not be published. Required fields are marked *

*