Zalando SE (OTCMKTS:ZLNDY) receives analysts’ average “Hold” recommendation

Zalando SE (OTCMKTS:ZLNDY – Get Rating) has been given a consensus rating of “Hold” by the twelve rating agencies that currently cover the company, Marketbeat reports. Two investment analysts gave the stock a sell rating, two gave the company a hold rating and four gave the company a buy rating. The 12-month average price target among brokerages that have covered the stock over the past year is $43.94.

A number of stock analysts have weighed in on ZLNDY shares recently. Bryan, Garnier & Co downgraded Zalando shares from a “neutral” rating to a “sell” rating and lowered their price target for the stock from €87.00 ($88.78) to 38.00 € ($38.78) in a Wednesday, June 1 research report. Morgan Stanley lowered its price target on Zalando shares from €56.00 ($57.14) to €38.00 ($38.78) in a Monday, June 20 report. Goldman Sachs Group downgraded Zalando shares from a “buy conviction” rating to a “buy” rating in a report on Friday, June 24. Berenberg Bank lowered its price target on Zalando shares from €36.00 ($36.73) to €26.00 ($26.53) and set a “hold” rating on the stock in a Friday, September 9 report. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on Zalando shares from €76.00 ($77.55) to €42.00 ($42.86) and set a “buy” rating on the action in a Friday, June 24 report.

Zalando shares down 1.4%

ZLNDY stock opened at $10.60 on Wednesday. The stock has a market capitalization of $5.59 billion, a P/E ratio of 151.43, a P/E/G ratio of 4.85 and a beta of 1.64. The company has a 50-day simple moving average of $13.11 and a 200-day simple moving average of $17.68. The company has a quick ratio of 0.98, a current ratio of 1.57 and a leverage ratio of 0.44. Zalando has a 52 week minimum of $10.46 and a 52 week maximum of $53.10.

Zalando (OTCMKTS:ZLNDY – Get Rating) last released its quarterly results on Thursday, August 4. The company reported earnings per share of $0.03 for the quarter. The company posted revenue of $2.79 billion for the quarter. Zalando had a net margin of 0.32% and a return on equity of 1.52%. Stock analysts expect Zalando to post 0.15 earnings per share for the current fiscal year.

Zalando company profile

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Zalando SE operates an online platform for fashion and lifestyle products. It offers clothing, shoes, accessories and beauty products with free delivery and returns. The company also sells its products through its Zalando Lounge; and physical outlets in Berlin, Frankfurt, Cologne, Leipzig, Hamburg, Hanover, Münster, Stuttgart, Mannheim and Ulm.

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Analyst recommendations for Zalando (OTCMKTS: ZLNDY)

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