Canadian Imperial Bank of Commerce Forecasts Strong Price Appreciation for Aritzia (TSE:ATZ) Stock
by Scott Moore · The Cerbat GemAritzia (TSE:ATZ – Get Free Report) had its price objective upped by Canadian Imperial Bank of Commerce from C$148.00 to C$155.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s price objective suggests a potential upside of 10.98% from the company’s previous close.
Other research analysts also recently issued research reports about the company. Canaccord Genuity Group upped their price objective on Aritzia from C$135.00 to C$164.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Stifel Nicolaus upped their price objective on Aritzia from C$150.00 to C$158.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Royal Bank Of Canada upped their price objective on Aritzia from C$116.00 to C$150.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. TD Securities upped their price objective on Aritzia from C$133.00 to C$155.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Finally, Truist Financial upped their price objective on Aritzia from C$116.00 to C$157.00 in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Aritzia has a consensus rating of “Buy” and a consensus price target of C$151.08.
Aritzia Stock Performance
TSE:ATZ traded down C$6.75 during trading on Monday, reaching C$139.67. The company’s stock had a trading volume of 326,786 shares, compared to its average volume of 662,983. The firm has a market cap of C$16.17 billion, a price-to-earnings ratio of 47.67, a price-to-earnings-growth ratio of 1.19 and a beta of 1.95. The company has a debt-to-equity ratio of 77.42, a quick ratio of 0.19 and a current ratio of 1.44. The firm has a 50 day moving average of C$122.40 and a 200-day moving average of C$114.86. Aritzia has a 12 month low of C$54.87 and a 12 month high of C$147.85.
Aritzia Company Profile
Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories. Its geographical segments include Canada and the United States. The company generates the majority of revenue from Retail, followed by eCommerce.