J.P. Morgan Reaffirms Their Buy Rating on Compagnie Financiere Richemont SA (CFR)

J.P. Morgan analyst Chiara Battistini maintained a Buy rating on Compagnie Financiere Richemont SA (CFR – Research Report) today and set a price target of CHF178.00. The company’s shares closed yesterday at CHF149.55.

Battistini covers the Consumer Cyclical sector, focusing on stocks such as Hermes International, Kering SA, and LVMH Moet Hennessy Louis Vuitton. According to TipRanks, Battistini has an average return of 16.6% and a 71.33% success rate on recommended stocks.

In addition to J.P. Morgan, Compagnie Financiere Richemont SA also received a Buy from Kepler Capital ‘s Jon Cox in a report issued on June 19. However, on the same day, Berenberg Bank maintained a Hold rating on Compagnie Financiere Richemont SA (Six Swiss: CFR).

Based on Compagnie Financiere Richemont SA’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of CHF10.08 billion and a net profit of CHF458 million. In comparison, last year the company earned a revenue of CHF10.22 billion and had a net profit of CHF2.16 billion

Based on the recent corporate insider activity of 18 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 CFR in relation to earlier this year.