LeapFrog Enterprises (NYSE:LF) was downgraded by analysts at Monness Crespi & Hardt from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Analyst Ratings Network reports.
The analysts wrote, “We are downgrading shares of LeapFrog Enterprises, Inc. to Neutral (from Buy). We believe the company’s revised guidance will prove conservative. However, we do not see any clear near term catalysts for the stock. Given management’s revised guidance and commentary, we would not be surprised to see some discounting on LeapPad tablets this holiday season which will be interpreted negatively. Then, we expect a conservative outlook for 2014 when the company reports 4Q13 results. We continue to see the potential for improved execution from an upgraded management team and the opportunity for international growth. However, the launch of the LeapPad in new countries will likely begin in 2H14 and investors will remain skeptical about the LeapPad’s 2014 prospects in the U.S.”
A number of other firms have also recently commented on LF. Analysts at SunTrust downgraded shares of LeapFrog Enterprises from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. Separately, analysts at Ascendiant Capital Markets downgraded shares of LeapFrog Enterprises from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, October 9th. They now have a $8.00 price target on the stock, down previously from $12.00. Finally, analysts at BMO Capital Markets downgraded shares of LeapFrog Enterprises from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, September 3rd. They now have a $10.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. LeapFrog Enterprises has an average rating of “Hold” and a consensus target price of $11.20.
Shares of LeapFrog Enterprises (NYSE:LF) opened at 8.67 on Tuesday. LeapFrog Enterprises has a 52 week low of $7.00 and a 52 week high of $11.95. The stock’s 50-day moving average is $9.16 and its 200-day moving average is $9.71. The company has a market cap of $592.7 million and a P/E ratio of 6.25.
LeapFrog Enterprises (NYSE:LF) last announced its earnings results on Monday, November 4th. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.05. The company had revenue of $200.99 million for the quarter, compared to the consensus estimate of $206.72 million. During the same quarter last year, the company posted $0.60 earnings per share. LeapFrog Enterprises’s revenue was up 4.1% compared to the same quarter last year. On average, analysts predict that LeapFrog Enterprises will post $0.63 earnings per share for the current fiscal year.
LeapFrog Enterprises, Inc (NYSE:LF) is a developer of educational entertainment for children.
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