A share price of Ermenegildo Zegna N.V [ZGN] is currently trading at $8.49, up 2.66%. An important factor to consider is whether the stock is rising or falling in short-term value. The ZGN shares have gain 3.54% over the last week, with a monthly amount glided 13.96%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Ermenegildo Zegna N.V [NYSE: ZGN] stock has seen the most recent analyst activity on November 22, 2024, when Morgan Stanley initiated its Underweight rating and assigned the stock a price target of $7.20. Previously, BofA Securities downgraded its rating to Neutral on September 23, 2024, and dropped its price target to $9.80. On January 11, 2024, upgrade upgraded it’s rating to Buy. Exane BNP Paribas started tracking the stock assigning a Underperform rating and suggested a price target of $11.60 on October 12, 2023. BofA Securities upgraded its rating to a Buy and raised its price target to $16.50 on September 25, 2023. BofA Securities started tracking with a Buy rating for this stock on September 20, 2022, and assigned it a price target of $13. In a note dated April 29, 2022, UBS initiated an Neutral rating and provided a target price of $11 on this stock.
Ermenegildo Zegna N.V experienced fluctuations in its stock price throughout the past year between $7.13 and $15.26. Currently, Wall Street analysts expect the stock to reach $10.23 within the next 12 months. Ermenegildo Zegna N.V [NYSE: ZGN] shares were valued at $8.49 at the most recent close of the market. An investor can expect a potential return of 20.49% based on the average ZGN price forecast.
Analyzing the ZGN fundamentals
Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.12 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.46.
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 8.36 points at the first support level, and at 8.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.61, and for the 2nd resistance point, it is at 8.73.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ermenegildo Zegna N.V [NYSE:ZGN] is 1.41. On the other hand, the Quick Ratio is 0.79, and the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 1.63, the price to book ratio is 2.35 and price to earnings (TTM) ratio is 19.92.
