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.
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.
WARNING: “FTD Companies (FTD) Price Target Cut to $3.50” was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this article can be read at https://stocknewstimes.com/2018/04/15/ftd-companies-ftd-price-target-cut-to-3-50.html.
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.
Receive News & Ratings for FTD Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTD Companies and related companies with MarketBeat.com's FREE daily email newsletter.