DA Davidson Analysts Give Qurate Retail Inc Series A (NASDAQ:QRTEA) a $16.00 Price Target

DA Davidson set a $16.00 target price on Qurate Retail Inc Series A (NASDAQ:QRTEA) in a research report report published on Friday morning, TipRanks reports. The brokerage currently has a buy rating on the stock.

QRTEA has been the subject of several other research reports. Craig Hallum reissued a buy rating and issued a $24.00 target price (down previously from $30.00) on shares of Qurate Retail Inc Series A in a research report on Monday, May 13th. Zacks Investment Research lowered Qurate Retail Inc Series A from a hold rating to a sell rating in a research report on Wednesday, May 15th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $23.17.

Shares of NASDAQ:QRTEA traded down $0.76 during trading on Friday, hitting $12.71. The stock had a trading volume of 4,285,913 shares, compared to its average volume of 3,569,408. Qurate Retail Inc Series A has a 12 month low of $11.17 and a 12 month high of $25.03. The company has a market cap of $5.86 billion, a P/E ratio of 6.83 and a beta of 1.13. The company has a fifty day moving average of $12.99. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.02 and a quick ratio of 0.59.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last announced its earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.06. Qurate Retail Inc Series A had a return on equity of 14.12% and a net margin of 3.75%. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the prior year, the company earned $0.46 EPS. The business’s revenue was down 3.8% compared to the same quarter last year. As a group, equities analysts expect that Qurate Retail Inc Series A will post 1.57 earnings per share for the current fiscal year.

In related news, Chairman Gregory B. Maffei acquired 100,000 shares of Qurate Retail Inc Series A stock in a transaction that occurred on Tuesday, May 14th. The stock was bought at an average price of $12.49 per share, with a total value of $1,249,000.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 0.01% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of QRTEA. Avestar Capital LLC boosted its stake in Qurate Retail Inc Series A by 27.0% during the 2nd quarter. Avestar Capital LLC now owns 4,269 shares of the company’s stock valued at $32,000 after purchasing an additional 908 shares during the last quarter. TRUE Private Wealth Advisors purchased a new stake in Qurate Retail Inc Series A during the 2nd quarter valued at $36,000. Alera Investment Advisors LLC boosted its stake in Qurate Retail Inc Series A by 1,196.4% during the 1st quarter. Alera Investment Advisors LLC now owns 2,541 shares of the company’s stock valued at $41,000 after purchasing an additional 2,345 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Qurate Retail Inc Series A by 5,205.5% during the 1st quarter. Quadrant Capital Group LLC now owns 2,918 shares of the company’s stock valued at $46,000 after purchasing an additional 2,863 shares during the last quarter. Finally, Zions Bancorporation N.A. boosted its stake in Qurate Retail Inc Series A by 61.0% during the 1st quarter. Zions Bancorporation N.A. now owns 3,279 shares of the company’s stock valued at $53,000 after purchasing an additional 1,242 shares during the last quarter. 86.15% of the stock is owned by institutional investors.

Qurate Retail Inc Series A Company Profile

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.

See Also: What is diluted earnings per share (Diluted EPS)?

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

Receive News & Ratings for Qurate Retail Inc Series A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qurate Retail Inc Series A and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit