Investment analysts at Desjardins dropped their target price on shares of Sears Holdings Corp (NASDAQ: SHLD) from $9.00 to $8.50 in a note issued to investors on Thursday. The firm currently has a “hold” rating on the stock.
Sears Holdings Corp traded down 5.20% on Thursday, hitting $45.00. Sears Holdings Corp has a 1-year low of $38.40 and a 1-year high of $85.90. The stock’s 50-day moving average is currently $46.23. The company’s market cap is $4.789 billion.
Sears Holdings Corp last issued its quarterly earnings data on Thursday, February 28th. The company reported $1.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.98 by $0.14. The company had revenue of $12.26 billion for the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter last year, the company posted $0.54 earnings per share. Sears Holdings Corp’s revenue was down 1.8% compared to the same quarter last year. On average, analysts predict that Sears Holdings Corp will post $-2.28 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Sears Holdings Corp in a research note to investors on Tuesday, January 8th. They now have a $20.00 price target on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Sears Holdings Corp in a research note to investors on Thursday, December 13th. They now have a $44.00 price target on the stock.
Two equities research analysts have rated the stock with a hold rating, and two have assigned a sell rating to the stock. The stock has an average rating of “underweight” and an average target price of $20.00.
Sears Holdings Corporation (Holdings) is the parent company of Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co (Sears).
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