Pacific Sunwear of California Rating Lowered to Sell at TheStreet (PSUN)
TheStreet cut shares of Pacific Sunwear of California (NASDAQ:PSUN) from a hold rating to a sell rating in a research note issued to investors on Wednesday.
TheStreet has also modified their ratings on a number of other services stocks in the few days. The firm downgraded shares of Companhia Siderurgica Nacional (ADR) from a hold rating to a sell rating. Also, TheStreet downgraded shares of RBC Capital from a buy rating to a hold rating. Finally, TheStreet upgraded shares of Apollo Global Management LLC from a sell rating to a hold rating.
Pacific Sunwear of California ( NASDAQ:PSUN) opened at 1.80 on Wednesday. Pacific Sunwear of California has a 1-year low of $1.42 and a 1-year high of $3.70. The stock has a 50-day moving average of $1.59 and a 200-day moving average of $2.02. The company's market cap is $124.6 million.
Pacific Sunwear of California (NASDAQ:PSUN) last released its earnings data on Wednesday, December 3rd. The company reported ($0.03) earnings per share for the quarter, beating the analysts' consensus estimate of ($0.04) by $0.01. The company had revenue of $212.30 million for the quarter, compared to the consensus estimate of $208.00 million. During the same quarter last year, the company posted ($0.05) earnings per share. Pacific Sunwear of California's revenue was up 4.7% compared to the same quarter last year. Analysts expect that Pacific Sunwear of California will post $-0.30 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at B. Riley reiterated a neutral rating on shares of Pacific Sunwear of California in a research note on Thursday. They now have a $2.00 price target on the stock. Analysts at Zacks upgraded shares of Pacific Sunwear of California from a neutral rating to an outperform rating in a research note on Thursday. They now have a $1.90 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $2.70.
Pacific Sunwear of California, Inc is a specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle.
Receive News & Ratings for Pacific Sunwear of California Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Sunwear of California and related companies with Analyst Ratings Network's FREE daily email newsletter.
Post a Comment for "Pacific Sunwear of California Rating Lowered to Sell at TheStreet (PSUN)"