Industria de Diseno Textil SA (OTCMKTS:IDEXY) Given Consensus Rating of “Strong Buy” by Analysts

Industria de Diseno Textil SA (OTCMKTS:IDEXY) has been assigned an average recommendation of “Strong Buy” from the six ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a buy recommendation and five have given a strong buy recommendation to the company.

Several brokerages recently commented on IDEXY. Royal Bank Of Canada raised shares of Industria de Diseno Textil from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 24th. Zacks Research raised shares of Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th.

Industria de Diseno Textil Price Performance

Shares of IDEXY opened at $15.03 on Thursday. The stock’s fifty day moving average price is $16.47 and its two-hundred day moving average price is $14.92. Industria de Diseno Textil has a 1 year low of $11.56 and a 1 year high of $17.34. The firm has a market cap of $187.37 billion, a PE ratio of 27.58, a PEG ratio of 1.77 and a beta of 0.93.

Industria de Diseno Textil (OTCMKTS:IDEXY) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.16). The company had revenue of $11.44 billion for the quarter, compared to the consensus estimate of $11.27 billion. Industria de Diseno Textil had a net margin of 15.40% and a return on equity of 32.94%. Sell-side analysts anticipate that Industria de Diseno Textil will post 0.99 earnings per share for the current fiscal year.

About Industria de Diseno Textil

Industria de Diseno Textil, SA (commonly known as Inditex) is a Spanish multinational apparel company headquartered in Arteixo, Galicia. The group was established in the mid-1980s and traces its roots to the founding of the Zara retail concept by Amancio Ortega and Rosalía Mera in 1975. Inditex is one of the world’s largest fashion retailers and is known for its fast-fashion business model that emphasizes rapid design-to-retail cycles and frequent merchandise turnover.

Inditex designs, produces, distributes and sells a wide range of clothing, accessories and home textiles through a portfolio of well-known brands, including Zara, Massimo Dutti, Pull&Bear, Bershka, Stradivarius, Oysho and Zara Home.