FTD Companies (NASDAQ:FTD) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Tuesday, March 13th.
FTD has been the topic of a number of other reports. Zacks Investment Research cut FTD Companies from a “hold” rating to a “sell” rating in a report on Thursday, November 23rd. DA Davidson cut their price target on FTD Companies from $17.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.00.
Shares of FTD Companies stock opened at $4.12 on Tuesday. The firm has a market cap of $117.07, a P/E ratio of 5.00, a price-to-earnings-growth ratio of 1.23 and a beta of 0.08. FTD Companies has a 52-week low of $4.00 and a 52-week high of $20.73. The company has a current ratio of 0.76, a quick ratio of 0.51 and a debt-to-equity ratio of 0.64.
Several institutional investors and hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of FTD Companies by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,509 shares of the company’s stock worth $270,000 after purchasing an additional 223 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of FTD Companies by 2.1% in the 2nd quarter. Wells Fargo & Company MN now owns 13,014 shares of the company’s stock worth $260,000 after purchasing an additional 268 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of FTD Companies by 14.5% in the 2nd quarter. Voya Investment Management LLC now owns 11,591 shares of the company’s stock worth $232,000 after purchasing an additional 1,465 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of FTD Companies by 6.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 63,368 shares of the company’s stock worth $1,267,000 after purchasing an additional 4,117 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of FTD Companies by 81.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,208 shares of the company’s stock worth $211,000 after purchasing an additional 7,292 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This piece was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://ledgergazette.com/2018/03/21/ftd-companies-ftd-downgraded-to-hold-at-valuengine.html.
FTD Companies Company Profile
FTD Companies, Inc (FTD) is a floral and gifting company. The Company operates through four segments: Consumer, Florist, International and Provide Commerce. Through its Consumer segment, FTD is a direct marketer of floral and gift products for consumers, primarily in the United States and Canada. Through its Florist segment, the Company is a provider of products and services to its floral network members, which include traditional retail florists and other non-florist retail locations, primarily in the United States and Canada.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for FTD Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTD Companies and related companies with MarketBeat.com's FREE daily email newsletter.