Abercrombie & Fitch Co. (NYSE:ANF) is a stock to watch today. At current price of $16.87, the shares have already added 0.41 points (2.49% higher) from its previous close of $16.46. The stock sets an active trading volume day with a reported 953900 contracts so far this session. ANF shares had a relatively better volume day versus average trading capacity of 2.46 million shares, but with a 61.75 million float and a 0.8% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for ANF stock indicates that the average analyst price target is $17.54 per share. This means the stock has a potential increase of 3.97% from where the ANF share price has been trading recently which is between $15.97 and $16.64.
During the recent trading session for Abercrombie & Fitch Co. (NYSE:ANF), the company witnessed their stock rise $0.94 over a week and tumble down $-1.16 from the price 20 days ago. When compared to their established 52-week high of $30.63, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 03/05/19. The recent low of $13.58 stood for a -44.92% since 03/09/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.99 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Abercrombie & Fitch Co., the two-week RSI stands at 53.55. This figure suggests that ANF stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current ANF readings is similarly very revealing as it has a stochastic reading of 44.83% at this stage. This figure means that ANF share price today is being neutral.
Technical chart claims that Abercrombie & Fitch Co. (ANF) would settle between $16.74/share to $17.03/share level. However, if the stock price goes below the $16.07 mark, then the market for Abercrombie & Fitch Co. becomes much weaker. If that happens, the stock price might even plunge as low as $15.69 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.32. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at DA Davidson, assumed coverage of ANF assigning Neutral rating, according to their opinion released on September 18. Wolfe Research analysts bumped their rating on Abercrombie & Fitch Co. (NYSE:ANF) stock from Underperform to Peer Perform in a separate flash note issued to investors on September 04. Analysts at Deutsche Bank released an upgrade from Sell to Hold for the stock, in a research note that dated back to August 30.
ANF equity has an average rating of 2.67, with the figure leaning towards a bullish end. 13 analysts who tracked the company were contacted by Reuters. Amongst them, 11 rated the stock as a hold while the remaining 2 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 2 analysts rated Abercrombie & Fitch Co. (NYSE:ANF) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, ANF stock price is currently trading at 13.13X forward 12-month Consensus EPS estimates, and its P/E ratio is 22.2 while for the average stock in the same group, the multiple is 25.2. Abercrombie & Fitch Co. current P/B ratio of 1.1 means it is trading at a discount against its industry’s 7.5.
Abercrombie & Fitch Co. (ANF)’s current-quarter revenues are projected to climb by nearly 0.9% to hit $1.17 billion, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 0.4% from $3.59 billion to a noteworthy $3.6 billion. At the other end of the current quarter income statement, Abercrombie & Fitch Co. is expected to see its adjusted earnings surge by roughly -8.9% to hit $1.23 per share. For the fiscal year, ANF’s earnings are projected to climb by roughly -41.7% to hit $0.67 per share.