BofA Securities slashes price target on Qurate Retail Inc. [QRTEA] – find out why.

Related

Share

Qurate Retail Inc. [NASDAQ: QRTEA] stock went on a downward path that fall over -2.39% on Thursday, amounting to a one-week price increase of more than 0.49%. The company report on October 20, 2021 that Qurate Retail, Inc. Announces Virtual Investor Meeting.

Qurate Retail, Inc. (“Qurate Retail”) (Nasdaq: QRTEA, QRTEB, QRTEP) will be holding its annual Investor Meeting on Friday, November 19, 2021 with presentations beginning at 9:00am E.T. The annual Investor Meeting will be held virtually and is open to shareholders, research analysts and press. Registration information is available on the Qurate Retail website and at https://meetingtomorrow.com/webcast/QurateInvestorDay2021. During these presentations, observations may be made regarding the company’s financial performance and outlook, as well as other forward looking matters.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


After the presentations, Greg Maffei, Executive Chairman of Qurate Retail, David Rawlinson, President and Chief Executive Officer of Qurate Retail, and other members of the management team will host a Q&A session. Stockholders are able to submit questions in advance of the Q&A session. To submit a question, please email investorday@libertymedia.com with the subject “Investor Day Question” by 5:00 p.m. E.T. on Friday, November 12, 2021.

Over the last 12 months, QRTEA stock rose by 61.32%. The one-year Qurate Retail Inc. stock forecast points to a potential upside of 36.19. The average equity rating for QRTEA stock is currently 2.40, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $4.21 billion, with 410.00 million shares outstanding and 366.65 million shares in the current float. Compared to the average trading volume of 3.07M shares, QRTEA stock reached a trading volume of 2090093 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Qurate Retail Inc. [QRTEA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for QRTEA shares is $16.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on QRTEA stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Qurate Retail Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 09, 2021. While these analysts kept the previous recommendation, Citigroup raised their target price from $10 to $11. The new note on the price target was released on December 15, 2020, representing the official price target for Qurate Retail Inc. stock. Previously, the target price had yet another raise from $7 to $9, while BofA Securities kept a Neutral rating on QRTEA stock. On April 21, 2020, analysts decreased their price target for QRTEA shares from 10 to 9.

The Average True Range (ATR) for Qurate Retail Inc. is set at 0.32, with the Price to Sales ratio for QRTEA stock in the period of the last 12 months amounting to 0.29. The Price to Book ratio for the last quarter was 1.11, with the Price to Cash per share for the same quarter was set at 2.30. Price to Free Cash Flow for QRTEA in the course of the last twelve months was 3.97 with Quick ratio for the last quarter at 0.70.

QRTEA Stock Performance Analysis:

Qurate Retail Inc. [QRTEA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.49. With this latest performance, QRTEA shares dropped by -1.35% in over the last four-week period, additionally sinking by -16.72% over the last 6 months – not to mention a rise of 61.32% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for QRTEA stock in for the last two-week period is set at 46.50, with the RSI for the last a single of trading hit 47.57, and the three-weeks RSI is set at 45.30 for Qurate Retail Inc. [QRTEA]. The present Moving Average for the last 50 days of trading for this stock 10.50, while it was recorded at 10.24 for the last single week of trading, and 12.01 for the last 200 days.

Insight into Qurate Retail Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Qurate Retail Inc. [QRTEA] shares currently have an operating margin of +11.09 and a Gross Margin at +24.38. Qurate Retail Inc.’s Net Margin is presently recorded at +8.49.

Return on Total Capital for QRTEA is now 12.36, given the latest momentum, and Return on Invested Capital for the company is 11.09. Return on Equity for this stock inclined to 24.86, with Return on Assets sitting at 7.02. When it comes to the capital structure of this company, Qurate Retail Inc. [QRTEA] has a Total Debt to Total Equity ratio set at 154.47. Additionally, QRTEA Total Debt to Total Capital is recorded at 60.70, with Total Debt to Total Assets ending up at 44.04. Long-Term Debt to Equity for the company is recorded at 157.20, with the Long-Term Debt to Total Capital now at 45.86.

Reflecting on the efficiency of the workforce at the company, Qurate Retail Inc. [QRTEA] managed to generate an average of $54,234 per employee. Receivables Turnover for the company is 7.39 with a Total Asset Turnover recorded at a value of 0.83.Qurate Retail Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.00.

QRTEA Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for QRTEA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Qurate Retail Inc. go to -8.00%.

Qurate Retail Inc. [QRTEA] Insider Position Details

There are presently around $3,602 million, or 89.80% of QRTEA stock, in the hands of institutional investors. The top three institutional holders of QRTEA stocks are: DODGE & COX with ownership of 52,095,078, which is approximately -2.022% of the company’s market cap and around 7.80% of the total institutional ownership; VANGUARD GROUP INC, holding 34,974,448 shares of the stock with an approximate value of $357.09 million in QRTEA stocks shares; and AMERIPRISE FINANCIAL INC, currently with $197.68 million in QRTEA stock with ownership of nearly -2.171% of the company’s market capitalization.

>> 7 Top Picks for the Post-Pandemic Economy <<

161 institutional holders increased their position in Qurate Retail Inc. [NASDAQ:QRTEA] by around 23,170,604 shares. Additionally, 177 investors decreased positions by around 28,680,515 shares, while 90 investors held positions by with 300,924,906 shares. The mentioned changes placed institutional holdings at 352,776,025 shares, according to the latest SEC report filing. QRTEA stock had 49 new institutional investments in for a total of 6,451,817 shares, while 49 institutional investors sold positions of 3,381,990 shares during the same period.

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam