The shares of Levi Strauss & Co. (NYSE:LEVI) has been pegged with a rating of Sell by Goldman in its latest research note that was published on July 17th, 2019. The research company has also assigned a $19 price target. Goldman wasn’t the only research firm that published a report of Levi Strauss & Co., with other equities research analysts also giving their opinion on the stock. Telsey Advisory Group advised investors in its research note published on April 15th, 2019, to Outperform the LEVI stock while also putting a $28 price target. The stock had earned Equal-Weight rating from Morgan Stanley when it published its report on April 15th, 2019. That day the Morgan Stanley set price target on the stock to $23. The stock was given Overweight rating by JP Morgan in its report released on April 15th, 2019, the day when the price target on the stock was placed at $26. Guggenheim was of a view that LEVI is Buy in its latest report on April 15th, 2019 while giving it a price target of $26. Goldman thinks that LEVI is worth Neutral rating. This was contained in the firm’s report on April 15th, 2019 in which the stock’s price target was also moved to $21.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 2 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $25.00. The price of the stock the last time has dropped by -0.46% from its Week high price while it is dropped higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 31.58.
The shares of the company dipped by -2.59% during the trading session on Thursday, reaching a low of $18.16 while ending the day at $18.40. During the trading session, a total of 2.24 million shares were traded which represents a -45.15% decline from the average session volume which is 1.54M shares. LEVI had ended its last session trading at 18.89. Levi Strauss & Co. currently has a market cap of $7.43B, while its P/E ratio stands at 18.16, while its P/E earnings growth sits at 1.30. Levi Strauss & Co. debt-to-equity ratio currently stands at 0.78, while its quick ratio hovers at 1.50. LEVI 52-week low price stands at $18.49 while its 52-week high price is $24.50.
The Levi Strauss & Co. generated $1,312.94 million in revenue during the last quarter, which is slightly higher than the $1,296.56 million predicted by analysts. Levi Strauss & Co. has the potential to record 1.01 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Evercore ISI published a research note on May 6th, 2019 where it informed investors and clients that Parsley Energy, Inc. (NYSE:PE) is now rated as Outperform. Telsey Advisory Group also rated PE as Initiated on April 15th, 2019, with its price target of $45 suggesting that PE could surge by 39.13% from its current share price. Even though the stock has been trading at $16.22/share, analysts expect it to surge higher by 1.17% to reach $26.96/share. It started the day trading at $16.50 and traded between $15.97 and $16.41 throughout the trading session.
A look at its technical shows that PE’s 50-day SMA is 18.48 while its 200-day SMA stands at 19.97. The stock has a high of $32.33 for the year while the low is $14.17. The company’s P/E ratio currently sits at 17.27, while the P/B ratio is 0.82. At the moment, only of Parsley Energy, Inc. shares were sold short. The company’s average trading volume currently stands at 4.74M shares, which means that the short-interest ratio is just 2.35 days. Over the past seven days, the company moved, with its shift of -10.82%. Looking further, the stock has dropped -21.29% over the past 90 days while it lost -13.54% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more PE shares, increasing its portfolio by +1.76% during the last quarter. This move now sees The Vanguard Group Inc purchasing 416,593 shares in the last quarter, thus it now holds 24,076,567 shares of PE, with a total valuation of $457,695,539. TIAACREF Investment Management L meanwhile bought more PE shares in the recently filed quarter, changing its stake to $266,967,410 worth of shares. JPMorgan Investment Management I followed the path by decreasing its PE portfolio by -3.72% in the quarter. This means that JPMorgan Investment Management I sold -508,040 shares in the last quarter and now controls 13,136,887 shares of the PE stock, with the valuation hitting $249,732,222.
Similarly, Adage Capital Management LP increased its Parsley Energy, Inc. shares by +5.48% during the recently filed quarter. After buying 535,000 shares in the last quarter, the firm now controls 10,289,177 shares of Parsley Energy, Inc. which are valued at $195,597,255. In the same vein, Millennium Management LLC increased its Parsley Energy, Inc. shares by during the most recent reported quarter. The firm bought 8,670,180 shares during the quarter which increased its stakes to 10,174,372 shares and is now valued at $193,414,812. Following these latest developments, around 3.90% of Parsley Energy, Inc. stocks are owned by institutional investors and hedge funds.