Bank of America Has Lowered Expectations for Canada Goose (TSE:GOOS) Stock Price

Canada Goose (TSE:GOOS) had its target price dropped by equities research analysts at Bank of America from C$14.00 to C$13.00 in a research note issued to investors on Monday,BayStreet.CA reports. Bank of America‘s price objective would indicate a potential downside of 4.41% from the company’s current price.

GOOS has been the topic of a number of other reports. TD Securities reduced their price objective on shares of Canada Goose from C$21.00 to C$17.00 and set a “hold” rating on the stock in a research note on Friday, August 2nd. Wedbush set a C$21.00 price objective on shares of Canada Goose and gave the company an “outperform” rating in a research note on Friday, July 19th. Barclays reduced their price objective on shares of Canada Goose from C$13.00 to C$12.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Raymond James lowered shares of Canada Goose from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 23rd. Finally, Wells Fargo & Company lowered shares of Canada Goose from an “equal weight” rating to an “underperform” rating and reduced their price objective for the company from C$16.00 to C$12.00 in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$16.57.

Canada Goose Trading Up 3.7 %

Shares of TSE GOOS opened at C$13.60 on Monday. The company has a debt-to-equity ratio of 232.50, a quick ratio of 0.69 and a current ratio of 2.14. Canada Goose has a 52-week low of C$12.95 and a 52-week high of C$20.09. The firm has a 50 day moving average price of C$14.80 and a two-hundred day moving average price of C$16.08. The stock has a market cap of C$621.93 million, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 0.61 and a beta of 1.29.

About Canada Goose

Canada Goose Holdings Inc, together with its subsidiaries, designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Greater China, rest of the Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Direct-to-Consumer, Wholesale, and Other.