FTD Companies (FTD) Price Target Cut to $3.50

FTD Companies (NASDAQ:FTD) had its target price decreased by DA Davidson to $3.50 in a note issued to investors on Wednesday, April 4th. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s price objective would indicate a potential downside of 35.90% from the stock’s previous close. DA Davidson also issued estimates for FTD Companies’ Q1 2018 earnings at $0.22 EPS, Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at ($0.21) EPS, Q4 2018 earnings at $0.11 EPS, FY2018 earnings at $0.43 EPS and FY2019 earnings at $0.28 EPS.

Separately, ValuEngine downgraded FTD Companies from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $6.17.

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FTD Companies stock opened at $5.46 on Wednesday. The stock has a market capitalization of $157.40, a PE ratio of 12.13, a price-to-earnings-growth ratio of 0.88 and a beta of 0.39. FTD Companies has a 52 week low of $3.46 and a 52 week high of $20.73.



Several large investors have recently bought and sold shares of FTD. The Manufacturers Life Insurance Company raised its stake in shares of FTD Companies by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 13,509 shares of the company’s stock valued at $270,000 after acquiring an additional 223 shares during the last quarter. New York State Common Retirement Fund raised its position in FTD Companies by 27.9% in the 3rd quarter. New York State Common Retirement Fund now owns 38,283 shares of the company’s stock worth $499,000 after purchasing an additional 8,350 shares during the last quarter. JPMorgan Chase & Co. raised its position in FTD Companies by 292.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 56,004 shares of the company’s stock worth $729,000 after purchasing an additional 41,723 shares during the last quarter. Wells Fargo & Company MN raised its position in FTD Companies by 43.3% in the 3rd quarter. Wells Fargo & Company MN now owns 18,648 shares of the company’s stock worth $243,000 after purchasing an additional 5,634 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its position in FTD Companies by 55.5% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 91,600 shares of the company’s stock worth $1,193,000 after purchasing an additional 32,700 shares during the last quarter. Institutional investors own 59.08% of the company’s stock.

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About FTD Companies

FTD Companies, Inc, through its subsidiaries, operates as a floral and gifting company primarily in the United States, Canada, the United Kingdom, and the Republic of Ireland. The company operates through four segments: Consumer, Provide Commerce, Florist, and International. It provides floral arrangements and plants, gifts, and related products and services to consumers, retail florists, and other retail locations and companies.

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