Berenberg Bank Sticks to Their Buy Rating for Inter Parfums (IPAR)
In a report released on January 23, Fraser Donlon from Berenberg Bank maintained a Buy rating on Inter Parfums, with a price target of $107.00. The company’s shares closed last Friday at $98.76.
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According to TipRanks, Donlon is ranked #10789 out of 11984 analysts.
In addition to Berenberg Bank, Inter Parfums also received a Buy from TipRanks – OpenAI’s OpenAI Household and Personal Products in a report issued on January 22. However, on January 21, TipRanks – OpenAI downgraded Inter Parfums (NASDAQ: IPAR) to a Hold.
Based on Inter Parfums’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $429.58 million and a net profit of $65.81 million. In comparison, last year the company earned a revenue of $424.63 million and had a net profit of $62.26 million
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IPAR in relation to earlier this year. Last month, Philippe Benacin, the President Interparfums SA of IPAR sold 25,000.00 shares for a total of $2,080,750.00.
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