JPMorgan Chase & Co. increased their target price on shares of VF Corp. (NYSE:VFC) from $195.00 to $224.00 in a research note issued on Monday, AR Network reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 14.23% from the company’s current price.
A number of other analysts have also recently weighed in on VFC. Analysts at Ned Davis Research upgraded shares of VF Corp. (NYSE:VFC) from a “neutral” rating to a “buy” rating in a research note to investors on Monday, August 19th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of VF Corp. (NYSE:VFC) in a research note to investors on Thursday, July 25th. They now have a $207.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of VF Corp. (NYSE:VFC) in a research note to investors on Wednesday, July 24th. They now have a $215.00 price target on the stock.
Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $207.63.
VF Corp. (NYSE:VFC) traded up 0.30% during mid-day trading on Monday, hitting $196.09. 522,661 shares of the company’s stock traded hands. VF Corp. has a 1-year low of $142.79 and a 1-year high of $202.35. The stock has a 50-day moving average of $194.1 and a 200-day moving average of $183.2. The company has a market cap of $21.554 billion and a price-to-earnings ratio of 19.44.
VF Corp. (NYSE:VFC) last issued its quarterly earnings data on Friday, July 19th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts predict that VF Corp. will post $10.95 earnings per share for the current fiscal year.
V.F. Corporation (NYSE:VFC) is a global apparel company based in the United States.
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