MANE (NYSE:MANE – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported ($1.32) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.76), Zacks reports.
MANE Stock Performance
Shares of MANE opened at $104.05 on Wednesday. MANE has a 12-month low of $32.00 and a 12-month high of $117.71. The firm’s 50-day moving average price is $70.34.
Analysts Set New Price Targets
A number of brokerages have recently commented on MANE. Jefferies Financial Group began coverage on MANE in a research report on Monday, March 2nd. They set a “buy” rating and a $75.00 price objective for the company. Cantor Fitzgerald initiated coverage on MANE in a report on Monday, March 2nd. They set an “overweight” rating for the company. Leerink Partners lifted their price target on MANE from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Wall Street Zen upgraded shares of MANE to a “hold” rating in a report on Sunday, February 15th. Finally, Citigroup assumed coverage on MANE in a report on Monday, March 2nd. They set a “buy” rating and a $85.00 price target for the company. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.33.
About MANE
MANE is a global manufacturer and supplier of flavors, fragrances and ingredients for the food, beverage, personal care, household and fine fragrance markets. Headquartered in France, the company develops and produces aromatic solutions that are used by consumer goods companies, food processors, perfumers and formulators seeking sensory impact, taste modulation and olfactory character for their products.
The company’s product portfolio includes savory and sweet flavor systems, beverage concentrates, natural extracts, essential oils, fragrance compounds, cosmetic ingredients and specialty functional solutions such as taste enhancers and odor masking agents.
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