Positive Report for Inter Parfums from Raymond James

In a report released today, Joseph Altobello from Raymond James upgraded Inter Parfums (NASDAQ: IPAR) to Buy. The company’s shares closed yesterday at $46.60.

According to TipRanks.com, Altobello is a 5-star analyst with an average return of 12.2% and a 64.2% success rate. Altobello covers the Consumer Goods sector, focusing on stocks such as Brunswick Corporation, Procter & Gamble, and Harley-Davidson.

Currently, the analyst consensus on Inter Parfums is Moderate Buy and the average price target is $56.50, representing a 21.2% upside.

In a report issued on April 26, D.A. Davidson also maintained a Buy rating on the stock with a $57 price target.

See today’s analyst top recommended stocks >>

Inter Parfums’ market cap is currently $1.46B and has a P/E ratio of 32.82. The company has a Price to Book ratio of 3.21.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Pelayo Frederic Garcia, the DirExprt InterparfumsSA of IPAR sold 6,400 shares for a total of $297,157.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Inter Parfums, Inc. engages in the business of manufacturing, marketing and distributing wide array of fragrances and fragrance related products. It operates through following segments: European Based Operations and United States Based Operations.