Industria de Diseno Textil SA (OTCMKTS:IDEXY) Receives Average Rating of “Strong Buy” from Brokerages

Shares of Industria de Diseno Textil SA (OTCMKTS:IDEXY) have received a consensus recommendation of “Strong Buy” from the six brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a buy rating and five have given a strong buy rating to the company.

Several equities research analysts have recently issued reports on IDEXY shares. Zacks Research raised Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Royal Bank Of Canada upgraded shares of Industria de Diseno Textil from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 24th.

Industria de Diseno Textil Price Performance

IDEXY opened at $16.90 on Friday. The firm has a market capitalization of $210.69 billion, a PE ratio of 31.01, a P/E/G ratio of 1.99 and a beta of 0.94. Industria de Diseno Textil has a fifty-two week low of $11.56 and a fifty-two week high of $17.34. The company’s 50-day moving average is $16.42 and its 200 day moving average is $14.49.

Industria de Diseno Textil (OTCMKTS:IDEXY) last posted its earnings results on Wednesday, December 3rd. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.16). Industria de Diseno Textil had a net margin of 15.40% and a return on equity of 32.94%. The company had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $11.27 billion. As a group, analysts expect that Industria de Diseno Textil will post 0.99 EPS for the current year.

Industria de Diseno Textil Company Profile

Industria de Diseno Textil, SA (commonly known as Inditex) is a Spanish multinational apparel company headquartered in Arteixo, Galicia. The group was established in the mid-1980s and traces its roots to the founding of the Zara retail concept by Amancio Ortega and Rosalía Mera in 1975. Inditex is one of the world’s largest fashion retailers and is known for its fast-fashion business model that emphasizes rapid design-to-retail cycles and frequent merchandise turnover.

Inditex designs, produces, distributes and sells a wide range of clothing, accessories and home textiles through a portfolio of well-known brands, including Zara, Massimo Dutti, Pull&Bear, Bershka, Stradivarius, Oysho and Zara Home.