UBS downgrades Treasury Wine Estates Limited (TSRYF) to a Hold

Treasury Wine Estates Limited received a Hold rating and a A$6.50 price target from UBS analyst Shaun Cousins today. The company’s shares closed last Tuesday at $4.50.

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According to TipRanks, Cousins is a 2-star analyst with an average return of 1.3% and a 49.74% success rate. Cousins covers the Consumer Cyclical sector, focusing on stocks such as Guzman y Gomez Ltd., Harvey Norman Holdings Ltd, and Premier Investments Limited.

Currently, the analyst consensus on Treasury Wine Estates Limited is a Moderate Buy with an average price target of $5.77, a 28.22% upside from current levels. In a report released today, Morgan Stanley also maintained a Hold rating on the stock with a A$6.90 price target.

Based on Treasury Wine Estates Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.42 billion and a net profit of $216 million. In comparison, last year the company earned a revenue of $1.49 billion and had a GAAP net loss of $67.8 million

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TSRYF in relation to earlier this year.