In a report released today, Jay Sole from UBS maintained a Buy rating on Qurate Retail Group (QRTEA), with a price target of $16.00. The company’s shares closed last Monday at $10.47, close to its 52-week low of $9.12.
According to TipRanks.com, Sole is a 1-star analyst with an average return of -0.2% and a 43.2% success rate. Sole covers the Services sector, focusing on stocks such as Burlington Stores, TJX Companies, and Tiffany & Co.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Qurate Retail Group with a $17.00 average price target.
See today’s analyst top recommended stocks >>
Based on Qurate Retail Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.11 billion and net profit of $118 million. In comparison, last year the company earned revenue of $3.23 billion and had a net profit of $72 million.
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.
Qurate Retail, Inc. engages in the business of video and on-line commerce industries. The firm’s principal businesses and assets include its significant consolidated subsidiaries: QVC, Inc., Backcountry.com, Inc., Bodybuilding.com LLC, CommerceHub and Evite, Inc and its equity affiliates Expedia, Inc., HSN, Inc., FTD Companies, Inc., Interval Leisure Group, Inc. and LendingTree, Inc. Its operating segments are strategic business units that offer different products and services. They are managed separately because each segment requires different technologies, distribution channels and marketing strategies. The company was founded on March 28, 1991 and is headquartered in Englewood, CO.
