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Analysts at Raymond James Upgraded Ethan Allen (NYSE:ETH) from “Mkt Perform” to “Strong Buy” Rating

Raymond James Ethan Allen NYSE:ETH

Ethan Allen (NYSE:ETH) Change of Rating

Ethan Allen (NYSE:ETH)’s rating was raised by research analysts at Raymond James from a “Mkt Perform” rating to a “Strong Buy” rating in an analyst report issued to clients on Tuesday, 14 March.

Out of 4 brokers covering Ethan Allen, 3 rate it a Buy, 6 indicate a Hold while 0 suggest a Sell. The highest target is $38 and the lowest is $33 according to Thomson/First Call. The 12-month mean target is $35, which means upside potential of 20.69% over the current price.

Institutional Ownership

Disciplined Growth Investors Inc Mn had the largest stake with ownership of 2.25M shares as of Q2 2015 for 1.67% of the stock exposure. Netols Asset Management Inc. is another bull as the institutional investor who is having 228,956 shares of Ethan Allen or 1.59% of their stock exposure. Further, Alphaone Investment Services Llc have 1.39% of their stock exposure invested in the company for 135,026 shares. The New York-based fund Gagnon Securities Llc disclosed it had purchased so far a stake worth about 0.41% of the institutional investor’s stock portfolio in Ethan Allen. The New York-based fund Teton Advisors Inc. is also positive about the stock, possessing 31,175 shares or 0.38% of their stock exposure.

Ethan Allen (NYSE:ETH) Profile

Ethan Allen Interiors Inc. is an interior design company. The Company is a manufacturer and retailer of home furnishings. The Company operates through two segments, which include wholesale and retail.

Ethan Allen (NYSE:ETH) closed at $29 yesterday. A total of 100 shares of the company’s stock traded hands. This is down from average of 260,238 shares. Ethan Allen has a 52 week low of $27.75 and a 52 week high of $38.8. The company has a market cap of $803.02 million and a P/E ratio of 16.52.

Get the latest Ethan Allen (NYSE:ETH) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Analysts at Raymond James Upgraded Ethan Allen (NYSE:ETH) from “Mkt Perform” to “Strong Buy” Rating appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Analysts at Raymond James Upgraded Ethan Allen (NYSE:ETH) from “Mkt Perform” to “Strong Buy” Rating


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