The stock of Tiffany & Co. (TIF) formed an ascending triangle with $86.56 target or 8.00 % below today’s $94.09 share price. The 5 months triangle pattern indicates high risk for the $11.78 billion company. If the $86.56 price target is reached, the company will be worth $942.40 million less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.
The stock increased 0.61% or $0.57 on November 22, reaching $94.09. About 938,436 shares traded. Tiffany & Co. (NYSE:TIF) has risen 46.84% since November 23, 2016 and is uptrending. It has outperformed by 30.14% the S&P500.
Analysts await Tiffany & Co. (NYSE:TIF) to report earnings on November, 29 before the open. They expect $0.77 earnings per share, up 1.32 % or $0.01 from last year’s $0.76 per share. TIF’s profit will be $96.40M for 30.55 P/E if the $0.77 EPS becomes a reality. After $0.92 actual earnings per share reported by Tiffany & Co. for the previous quarter, Wall Street now forecasts -16.30 % negative EPS growth.
Tiffany & Co. (NYSE:TIF) Ratings Coverage
Among 24 analysts covering Tiffany & Co. (NYSE:TIF), 13 have Buy rating, 0 Sell and 11 Hold. Therefore 54% are positive. Tiffany & Co. had 70 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Tiffany & Co. (NYSE:TIF) has “Outperform” rating given on Thursday, September 29 by CLSA. As per Friday, May 12, the company rating was upgraded by Goldman Sachs. As per Wednesday, October 7, the company rating was initiated by Citigroup. The stock of Tiffany & Co. (NYSE:TIF) has “Sector Perform” rating given on Friday, August 26 by RBC Capital Markets. The firm has “Buy” rating given on Friday, September 30 by Guggenheim. The firm has “Buy” rating by Jefferies given on Tuesday, August 15. On Tuesday, January 19 the stock rating was maintained by Mizuho with “Buy”. The firm earned “Buy” rating on Tuesday, June 6 by Jefferies. The firm has “Sector Perform” rating given on Thursday, January 21 by RBC Capital Markets. On Thursday, May 11 the stock rating was maintained by Bank of America with “Buy”.
More recent Tiffany & Co. (NYSE:TIF) news were published by: Fortune.com which released: “Tiffany & Co. Is Selling a $1000 Tin Can” on November 09, 2017. Also Forbes.com published the news titled: “Tiffany & Co., Louis Vuitton, Chanel, Google Invest In Pop-Up Stores for …” on November 09, 2017. Nytimes.com‘s news article titled: “Finally, You Can Have Breakfast at Tiffany” with publication date: November 11, 2017 was also an interesting one.