Interparfums’ (IPAR) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Interparfums (NASDAQ:IPAR)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a report issued on Wednesday,Benzinga reports. They currently have a $123.00 target price on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 51.29% from the stock’s previous close.

A number of other analysts have also issued reports on the stock. Jefferies Financial Group dropped their price objective on shares of Interparfums from $150.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interparfums in a research report on Wednesday, October 8th. Sanford C. Bernstein upgraded Interparfums to a “strong-buy” rating in a research note on Tuesday, October 21st. Finally, BWS Financial reaffirmed a “buy” rating and set a $172.00 target price on shares of Interparfums in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Interparfums presently has an average rating of “Buy” and a consensus target price of $145.60.

Interparfums Stock Performance

Shares of NASDAQ:IPAR opened at $81.30 on Wednesday. The business has a 50-day moving average of $95.65 and a two-hundred day moving average of $115.54. The firm has a market capitalization of $2.61 billion, a PE ratio of 16.31 and a beta of 1.39. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.96 and a quick ratio of 1.69. Interparfums has a 12 month low of $83.13 and a 12 month high of $148.15.

Interparfums (NASDAQ:IPAR) last posted its earnings results on Wednesday, November 5th. The company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.16. Interparfums had a net margin of 11.03% and a return on equity of 16.45%. The firm had revenue of $429.58 million during the quarter, compared to the consensus estimate of $431.78 million. During the same quarter in the prior year, the company earned $1.93 EPS. The company’s revenue was up 1.2% on a year-over-year basis. Interparfums has set its FY 2025 guidance at 5.120-5.120 EPS. As a group, research analysts forecast that Interparfums will post 5.14 earnings per share for the current year.

Institutional Investors Weigh In On Interparfums

Large investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC acquired a new stake in shares of Interparfums during the third quarter worth $34,000. Aster Capital Management DIFC Ltd purchased a new position in Interparfums in the 3rd quarter worth about $35,000. Advisory Services Network LLC acquired a new position in shares of Interparfums in the third quarter worth about $40,000. CWM LLC lifted its position in shares of Interparfums by 29.4% in the 1st quarter. CWM LLC now owns 418 shares of the company’s stock valued at $48,000 after acquiring an additional 95 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in Interparfums by 71.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 375 shares of the company’s stock valued at $49,000 after acquiring an additional 156 shares in the last quarter. 55.57% of the stock is owned by institutional investors.

Interparfums Company Profile

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.