UBS released a note this morning announcing that they are cutting their price target on VF Corp (NYSE:VFC) from $80 to $77. They maintain their Buy rating on the stock.
There are 16 research firms in total that have issued ratings on VF Corp (NYSE:VFC) within the past year. The consensus, or mean target price of the Wall Street analysts covering the firm is $75.25. The most recent revision to the consensus target was on 2015-01-29.
Analysts are predicting that V.F. Corporation will report $0.99 earnings per share when they next issue their quarterly earnings release on or around 2015-02-13. The consensus mean estimate is the calculated mean of all brokerage sell-side analysts that issue earnings estimates for the company. In the most recent quarter the company reported earnings of $1.08 that ended on 2014-09-30.
VF Corp (VFC) has a 1.47 consensus analyst rating on the stock based on an arithmetical average of the 16 ratings given by the brokerage analysts covering the company. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell. The highest estimate of the 16 covering analysts sees the stock climbing to $86 within the next year while the lowest estimate places the 12-month target price at $61. Within the past few months there have been 2 analysts that have given the stock a Buy recommendation.
Looking ahead to full year estimates, analysts have placed the consensus earnings per share estimate for the current year at $3.31. The most bullish analyst sees the company reporting earnings per share of $3.47 while the most bearish analyst is predicting a current year EPS number of $3.22. Looking further ahead to the next three to five years, the long term EPS growth rate on a consensus basis is 12.32%, based on the 6 analysts providing longer term projections in their models.