Inter Parfums, Inc. (NDAQ:IPAR) had its price objective cut by B. Riley from $42.00 to $40.00 in a report published on Wednesday morning. They currently have a buy rating on the stock.

Inter Parfums (NDAQ:IPAR) traded up 0.67% during midday trading on Wednesday, hitting $37.60. 6,257 shares of the stock were exchanged. The stock has a market cap of $1.17 billion and a price-to-earnings ratio of 35.14. Inter Parfums has a 12-month low of $27.05 and a 12-month high of $37.85. The firm has a 50 day moving average of $34.94 and a 200-day moving average of $33.42.

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About Inter Parfums

Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes fragrances and fragrance-related products. It operates in two segments: European based operations and United States based operations. Under its European Operations, the Company produces and distributes fragrance products primarily under license agreements with brand owners and its prestige brands include Balmain, Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, S.T.

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