Pernod Ricard (PDRDY) Upgraded by Zacks Investment Research to “Buy”

Pernod Ricard (OTCMKTS:PDRDY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The brokerage currently has a $36.00 price objective on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.32% from the company’s current price.

According to Zacks, “Pernod Ricard SA, based in France, operates as a manufacturer and seller of a wide range of wines and spirits. The company operates as holding company, with the structure divided between brand owner subsidiaries, such as The Absolut Company, Havana Club International and Chivas Brothers, which produce and develop marketing strategies for the brands, and regional distribution subsidiaries, such as Pernod Ricard Europe, Pernod Ricard Americas and Pernod Ricard Asia, which implement marketing strategies and distribute local brands. The Company is active in eight principal beverage sectors: whiskies, aniseed spirits, liqueurs, cognacs and brandies, white spirits and rums, bitters, champagnes and wines. Pernod Ricard SA’s flagship brands include Ricard, Havana Club, Ballantine’s, Malibu, Martell, The Glenlivet, Chivas Regal, Jameson and Absolut Vodka, among others. “

Shares of Pernod Ricard (PDRDY) opened at $32.05 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 0.52. Pernod Ricard has a 52 week low of $22.14 and a 52 week high of $32.01.

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About Pernod Ricard

Pernod Ricard SA produces and sells wines and spirits in Europe, the Americas, Asia, and internationally. The company offers liqueurs, sparkling wines, brandy, tequila, rum, vodka, bitters, gin, cognac, anise-based spirits, wine-based aperitifs, champagne, whisky, and ouzo. Its brand portfolio includes Absolut Vodka and Chivas Regal; Ballantine’s, Beefeater, Jameson, Kahlúa, Malibu, Ricard, and Havana Club; Martell Cognac, G.H.Mumm, The Glenlivet, Perrier-Jouët, and Royal Salute; and Brancott Estate, Graffigna, Campo Viejo, Jacob's Creek, and Kenwood.

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