Industria de Diseno Textil SA (OTCMKTS:IDEXY) Receives Average Rating of “Strong Buy” from Analysts

Industria de Diseno Textil SA (OTCMKTS:IDEXY) has been assigned an average recommendation of “Strong Buy” from the six brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, one has assigned a buy rating and four have issued a strong buy rating on the company.

IDEXY has been the subject of a number of analyst reports. Citigroup raised Industria de Diseno Textil to a “strong-buy” rating in a report on Monday, March 16th. Zacks Research lowered Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th.

Industria de Diseno Textil Price Performance

Industria de Diseno Textil stock opened at $14.81 on Monday. The firm has a market cap of $184.63 billion, a price-to-earnings ratio of 25.76, a P/E/G ratio of 2.90 and a beta of 0.99. The firm has a fifty day moving average price of $15.80 and a two-hundred day moving average price of $15.15. Industria de Diseno Textil has a fifty-two week low of $11.56 and a fifty-two week high of $17.34.

Industria de Diseno Textil (OTCMKTS:IDEXY) last posted its quarterly earnings data on Wednesday, March 11th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). Industria de Diseno Textil had a return on equity of 35.01% and a net margin of 15.61%.The business had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.65 billion. As a group, sell-side analysts expect that Industria de Diseno Textil will post 0.99 earnings per share for the current year.

About Industria de Diseno Textil

Industria de Diseno Textil, SA (commonly known as Inditex) is a Spanish multinational apparel company headquartered in Arteixo, Galicia. The group was established in the mid-1980s and traces its roots to the founding of the Zara retail concept by Amancio Ortega and Rosalía Mera in 1975. Inditex is one of the world’s largest fashion retailers and is known for its fast-fashion business model that emphasizes rapid design-to-retail cycles and frequent merchandise turnover.

Inditex designs, produces, distributes and sells a wide range of clothing, accessories and home textiles through a portfolio of well-known brands, including Zara, Massimo Dutti, Pull&Bear, Bershka, Stradivarius, Oysho and Zara Home.