In a report released today, Michael Binetti from Credit Suisse maintained a Buy rating on Canada Goose Holdings Inc (GOOS), with a price target of $72. The company’s shares closed last Monday at $39.97.
According to TipRanks.com, Binetti is a 4-star analyst with an average return of 7.6% and a 54.2% success rate. Binetti covers the Services sector, focusing on stocks such as Capri Holdings Limited, Ralph Lauren Corp, and Nordstrom Inc.
Currently, the analyst consensus on Canada Goose Holdings Inc is a Moderate Buy with an average price target of $61.17, implying a 50.0% upside from current levels. In a report issued on August 8, RBC Capital also maintained a Buy rating on the stock.
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Based on Canada Goose Holdings Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $21.97 million. In comparison, last year the company had a GAAP net loss of $14.48 million.
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Canada Goose Holdings, Inc. designs, manufactures, distributes and retails outerwear for men, women and children. It operates through the Wholesale and Direct to Consumer segments.
