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

Industria de Diseno Textil SA (OTCMKTS:IDEXY) has been assigned a consensus recommendation of “Strong Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a buy rating and five have issued a strong buy rating on the company.

Several research firms recently weighed in on IDEXY. Zacks Research upgraded Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Royal Bank Of Canada raised Industria de Diseno Textil from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 24th.

Industria de Diseno Textil Stock Up 1.6%

Shares of OTCMKTS:IDEXY opened at $16.94 on Friday. The firm’s 50 day moving average price is $16.24 and its 200-day moving average price is $14.33. The stock has a market capitalization of $211.15 billion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 2.00 and a beta of 0.94. Industria de Diseno Textil has a twelve month low of $11.56 and a twelve month high of $17.26.

Industria de Diseno Textil (OTCMKTS:IDEXY) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.16). Industria de Diseno Textil had a return on equity of 32.94% and a net margin of 15.40%.The business had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $11.27 billion. Analysts expect that Industria de Diseno Textil will post 0.99 earnings per share for the current fiscal year.

Industria de Diseno Textil Company Profile

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.