FTD Companies Inc (FTD) Receives $13.00 Average Price Target from Analysts
Shares of FTD Companies Inc (NASDAQ:FTD) have earned an average rating of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $13.00.
Several analysts recently issued reports on FTD shares. BidaskClub cut FTD Companies from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. DA Davidson cut FTD Companies from a “buy” rating to a “neutral” rating and cut their target price for the stock from $23.00 to $17.00 in a research report on Wednesday, August 9th. Zacks Investment Research cut FTD Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 15th. Finally, Craig Hallum cut their target price on FTD Companies from $18.00 to $10.00 and set a “hold” rating for the company in a research report on Thursday, November 9th.
FTD Companies (NASDAQ:FTD) traded down $0.13 during trading hours on Thursday, hitting $6.99. The company had a trading volume of 91,584 shares, compared to its average volume of 295,692. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.76 and a quick ratio of 0.51. FTD Companies has a 12-month low of $6.76 and a 12-month high of $26.19. The stock has a market capitalization of $192.55, a PE ratio of 8.22, a P/E/G ratio of 0.95 and a beta of 0.58.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its holdings in FTD Companies by 1.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,456 shares of the company’s stock valued at $109,000 after buying an additional 56 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in FTD Companies by 91.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,588 shares of the company’s stock valued at $132,000 after buying an additional 3,152 shares in the last quarter. Aperio Group LLC purchased a new position in FTD Companies during the 3rd quarter valued at approximately $142,000. Public Employees Retirement System of Ohio grew its holdings in FTD Companies by 16.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 8,916 shares of the company’s stock valued at $180,000 after buying an additional 1,244 shares in the last quarter. Finally, First Quadrant L P CA purchased a new position in FTD Companies during the 3rd quarter valued at approximately $198,000. Institutional investors and hedge funds own 58.33% of the company’s stock.
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FTD Companies Company Profile
FTD Companies, Inc (FTD) is a floral and gifting company. The Company operates through four segments: Consumer, Florist, International and Provide Commerce. Through its Consumer segment, FTD is a direct marketer of floral and gift products for consumers, primarily in the United States and Canada. Through its Florist segment, the Company is a provider of products and services to its floral network members, which include traditional retail florists and other non-florist retail locations, primarily in the United States and Canada.
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