Abercrombie & Fitch Hits the Bullseye
Shares of Abercrombie & Fitch Co (Symbol: ANF) have surged past the 12-month average analyst target price of $132.00, reaching $135.04/share in recent trading. When a stock hits its target, analysts must choose: adjust upward based on company performance or scale back due to valuation concerns.
The Diverse Analyst Landscape
In the world of Abercrombie & Fitch Co, there are six analysts in the Zacks coverage universe shaping the average target price. Yet, this number is a mere statistical mean — some analysts set lower targets at $103.00, while outliers aim high at $155.00, creating a standard deviation of $19.224.
The Wisdom of the Crowd
An average target price isn’t a singular expert’s prediction but a collective effort that pools the wisdom of all contributing minds. With ANF surpassing the $132.00/share target, investors are prompted to reevaluate the stock. Is $132.00 just a stop on the way up, or is it time to reconsider the valuation?
Analyst Ratings Overview
| Recent ANF Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 3 | 3 | 3 | 3 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 5 | 5 | 5 | 5 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.25 | 2.25 | 2.25 | 2.25 |
The average rating scale ranges from 1 (Strong Buy) to 5 (Strong Sell). Data courtesy of Zacks Investment Research via Quandl.com.
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The views expressed in this article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
