Tiffany & Co (TIF) is Upgraded by Jefferies to Buy according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $100. Earlier the firm had a rating of Hold on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.
Shares of Tiffany & Co. (NYSE:TIF) ended Thursday session in red amid volatile trading. The shares closed down 1.88 points or 2.5% at $73.23 with 1,393,910 shares getting traded. Post opening the session at $75.16, the shares hit an intraday low of $73.2 and an intraday high of $75.46 and the price vacillated in this range throughout the day. The company has a market cap of $9,389 million and the number of outstanding shares has been calculated to be 128,211,842 shares. The 52-week high of Tiffany & Co. (NYSE:TIF) is $109 and the 52-week low is $73.09.
During the last several months other analysts have commented on the company rating. Macquarie maintains its rating on Tiffany & Co. (NYSE:TIF). The global brokerage major lowers the current price target from $107 per share to $103 per share. Analysts at the Macquarie have a current rating of Outperform on the shares. The rating by the firm was issued on November 19, 2015.
Tiffany & Co. (NYSE:TIF) has received a short term rating of sell from research analysts at Zacks with a rank of 4. The company has been rated an average of 2.11 by 18 Wall Street Analysts. 9 analysts have added the shares in their list of strong buys. 8 broker firms have advised hold. 1 market experts have rated it as strong sell.
Tiffany & Co. (NYSE:TIF): According to 13 Analysts, The short term target price has been estimated at $ 95.39.The target price could deviate by a maximum of $10.2 from the forecast price. In the near term, the target price could hit a high of $110 and a low of $ 79.
Tiffany & Co. has lost 4.26% in the last five trading days and dropped 1.21% in the last 4 weeks. Tiffany & Co. has dropped 7.71% during the last 3-month period . Year-to-Date the stock performance stands at -30.52%.
Tiffany & Co. (Tiffany) is a holding company that operates through its subsidiary companies. The Company operates in five segments: Americas, Asia-Pacific, Japan, Europe and other. The Company’s principal product category is jewelry, which represented 92% of worldwide net sales during the fiscal year ended January 31, 2014 (fiscal 2013). The Company offers a selection of TIFFANY & CO. brand jewelry. The Company also sells timepieces, leather goods, sterling silver goods (other than jewelry), china, crystal, stationery, fragrances and accessories, which represented, in total, 7% of worldwide net sales in 2013. The Company operates e-commerce enabled Websites in 13 countries. The Company produces jewelry in New York, Rhode Island and Kentucky, and silver hollowware in New Jersey.