J.P. Morgan analyst Chiara Battistini maintained a Hold rating on Hermes International today and set a price target of €2,500.00. The company’s shares opened today at $2,445.00.
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Battistini covers the Consumer Cyclical sector, focusing on stocks such as PUMA SE NPV, Hermes International, and LVMH Moet Hennessy Louis Vuitton. According to TipRanks, Battistini has an average return of 13.0% and a 66.07% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hermes International with a $2,824.96 average price target, representing a 15.54% upside. In a report released today, Goldman Sachs also maintained a Hold rating on the stock with a €2,545.00 price target.
Based on Hermes International’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $8.03 billion and a net profit of $2.25 billion. In comparison, last year the company earned a revenue of $7.5 billion and had a net profit of $2.37 billion
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