Canaccord Genuity Group Issues Pessimistic Forecast for Interparfums (NASDAQ:IPAR) Stock Price

Interparfums (NASDAQ:IPAR) had its price target lowered by Canaccord Genuity Group from $168.00 to $123.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 40.76% from the company’s current price.

A number of other research firms have also issued reports on IPAR. Weiss Ratings reissued a “hold (c)” rating on shares of Interparfums in a report on Wednesday, October 8th. Sanford C. Bernstein raised shares of Interparfums to a “strong-buy” rating in a report on Tuesday, October 21st. Jefferies Financial Group decreased their price target on Interparfums from $150.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, October 28th. Finally, BWS Financial reaffirmed a “buy” rating and issued a $172.00 price target on shares of Interparfums in a report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $145.60.

Interparfums Stock Performance

IPAR traded down $0.36 during trading on Friday, hitting $87.38. 200,030 shares of the stock were exchanged, compared to its average volume of 243,698. The company has a quick ratio of 1.69, a current ratio of 2.96 and a debt-to-equity ratio of 0.14. Interparfums has a 1-year low of $86.50 and a 1-year high of $148.15. The stock has a fifty day moving average price of $100.04 and a two-hundred day moving average price of $116.64. The firm has a market capitalization of $2.81 billion, a P/E ratio of 17.51 and a beta of 1.39.

Interparfums (NASDAQ:IPAR) last announced its earnings results on Wednesday, November 5th. The company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.16. Interparfums had a net margin of 11.03% and a return on equity of 16.45%. The business had revenue of $429.58 million for the quarter, compared to analyst estimates of $431.78 million. During the same period last year, the firm posted $1.93 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Interparfums has set its FY 2025 guidance at 5.120-5.120 EPS. As a group, sell-side analysts predict that Interparfums will post 5.14 earnings per share for the current year.

Institutional Investors Weigh In On Interparfums

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC raised its stake in shares of Interparfums by 29.4% in the 1st quarter. CWM LLC now owns 418 shares of the company’s stock valued at $48,000 after acquiring an additional 95 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Interparfums by 5.7% in the first quarter. PNC Financial Services Group Inc. now owns 1,823 shares of the company’s stock valued at $208,000 after purchasing an additional 98 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Interparfums by 1.6% in the second quarter. Osaic Holdings Inc. now owns 6,583 shares of the company’s stock valued at $865,000 after purchasing an additional 106 shares during the period. Creative Planning increased its stake in Interparfums by 2.3% during the 2nd quarter. Creative Planning now owns 5,667 shares of the company’s stock worth $744,000 after buying an additional 125 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in Interparfums by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 17,704 shares of the company’s stock worth $2,325,000 after buying an additional 132 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Interparfums Company Profile

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.