Canada Goose Holdings Inc [GOOS] stock is trading at $10.94, up 1.39%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GOOS shares have lost -1.80% over the last week, with a monthly amount drifted -13.04%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Canada Goose Holdings Inc [NYSE: GOOS] stock has seen the most recent analyst activity on November 07, 2023, when Evercore ISI initiated its In-line rating and assigned the stock a price target of $11. Previously, Wells Fargo downgraded its rating to Equal Weight on October 19, 2023. On October 19, 2023, downgrade downgraded it’s rating to Market Perform and revised its price target to $15 on the stock. Raymond James started tracking the stock assigning a Outperform rating. Barclays downgraded its rating to a Equal Weight. Evercore ISI downgraded its rating to In-line for this stock on February 17, 2023, and downed its price target to $20. In a note dated January 24, 2023, Robert W. Baird downgraded an Neutral rating on this stock.
Canada Goose Holdings Inc [GOOS] stock has fluctuated between $9.80 and $22.65 over the past year. Currently, Wall Street analysts expect the stock to reach $37.77 within the next 12 months. Canada Goose Holdings Inc [NYSE: GOOS] shares were valued at $10.94 at the most recent close of the market. An investor can expect a potential return of 245.25% based on the average GOOS price forecast.
Analyzing the GOOS fundamentals
Canada Goose Holdings Inc [NYSE:GOOS] reported sales of 936.63M for the trailing twelve months, which represents a growth of 5.23%. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.11 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.87.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.77 points at the first support level, and at 10.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.04, and for the 2nd resistance point, it is at 11.13.
Ratios To Look Out For
For context, Canada Goose Holdings Inc’s Current Ratio is 1.87. As well, the Quick Ratio is 0.81, while the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 1.18, the price to book ratio is 3.57 and price to earnings (TTM) ratio is 29.54.
