Samsonite Group (OTCMKTS:SMSEY) Upgraded by Jefferies Financial Group to “Strong-Buy” Rating

Jefferies Financial Group upgraded shares of Samsonite Group (OTCMKTS:SMSEY) from a hold rating to a strong-buy rating in a report released on Thursday morning,Zacks.com reports.

Separately, Zacks Research upgraded Samsonite Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 27th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Samsonite Group Stock Down 1.2%

Shares of SMSEY traded down $0.14 during mid-day trading on Thursday, reaching $11.94. The company’s stock had a trading volume of 1,338 shares, compared to its average volume of 45,400. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 11.48 and a beta of 0.69. The business has a fifty day moving average of $10.79 and a 200 day moving average of $10.13. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.87. Samsonite Group has a 1 year low of $8.32 and a 1 year high of $15.16.

Samsonite Group (OTCMKTS:SMSEY) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.23 EPS for the quarter. Samsonite Group had a net margin of 8.46% and a return on equity of 20.98%. The business had revenue of $872.70 million during the quarter. As a group, analysts forecast that Samsonite Group will post 1.15 earnings per share for the current fiscal year.

Samsonite Group Company Profile

Samsonite International SA engages in the design, manufacture, sourcing, and distribution of travel luggage bags in North America, Asia, Europe, and Latin America. The company offers luggage, business, computer, outdoor, casual, and women's bags; and travel accessories and slim protective cases for personal electronic devices primarily under the Samsonite, Tumi, American Tourister, Speck, High Sierra, Gregory, Lipault, Kamiliant, Hartmann, and eBags brands, as well as other owned and licensed brand names.