Sanford C. Bernstein Reaffirms Buy Rating for Ever-Glory International Group (NASDAQ:EVK)

Sanford C. Bernstein reaffirmed their buy rating on shares of Ever-Glory International Group (NASDAQ:EVK) in a research note issued to investors on Tuesday morning, Stock Target Advisor reports. The brokerage currently has a $30.00 price objective on the textile maker’s stock.

Other research analysts also recently issued reports about the company. Baader Bank reissued a buy rating and issued a $29.00 price objective on shares of Ever-Glory International Group in a research note on Tuesday, October 29th. ValuEngine raised Ever-Glory International Group from a sell rating to a hold rating in a research note on Friday, October 25th. Nord/LB reissued a neutral rating and issued a $24.00 price objective on shares of Ever-Glory International Group in a research note on Tuesday. JPMorgan Chase & Co. reissued a neutral rating and issued a $26.00 price objective on shares of Ever-Glory International Group in a research note on Tuesday. Finally, Kepler Capital Markets reissued a sell rating and issued a $23.00 price objective on shares of Ever-Glory International Group in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $26.40.

Shares of EVK stock opened at $2.65 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.31 and a quick ratio of 0.85. The company has a market cap of $46.24 million, a price-to-earnings ratio of 4.59 and a beta of 0.51. The stock has a 50 day simple moving average of $3.20 and a 200-day simple moving average of $3.28. Ever-Glory International Group has a 1-year low of $2.35 and a 1-year high of $4.20.

Ever-Glory International Group (NASDAQ:EVK) last announced its earnings results on Wednesday, August 14th. The textile maker reported $0.13 earnings per share for the quarter. The business had revenue of $77.32 million during the quarter. Ever-Glory International Group had a return on equity of 9.10% and a net margin of 2.35%.

An institutional investor recently bought a new position in Ever-Glory International Group stock. Citadel Advisors LLC bought a new position in Ever-Glory International Group Inc (NASDAQ:EVK) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 13,894 shares of the textile maker’s stock, valued at approximately $40,000. Citadel Advisors LLC owned about 0.09% of Ever-Glory International Group as of its most recent SEC filing. 0.50% of the stock is owned by institutional investors and hedge funds.

Ever-Glory International Group Company Profile

Ever-Glory International Group, Inc manufactures, distributes, and retails apparel in the People's Republic of China, Germany, the United Kingdom, rest of Europe, Japan, and the United States. It operates in two segments, Wholesale and Retail. The company primarily offers casual wear, outerwear, and sportswear.

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Analyst Recommendations for Ever-Glory International Group (NASDAQ:EVK)

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