Industria de Diseno Textil SA (OTCMKTS:IDEXY) Given Average Rating of “Strong Buy” by Brokerages

Shares of Industria de Diseno Textil SA (OTCMKTS:IDEXY) have been assigned a consensus rating of “Strong Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. One research 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 topic of several research analyst reports. Citigroup raised shares of Industria de Diseno Textil to a “strong-buy” rating in a research report on Monday, March 16th. Zacks Research downgraded Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th.

Industria de Diseno Textil Price Performance

OTCMKTS:IDEXY opened at $14.05 on Monday. The firm has a market cap of $175.16 billion, a PE ratio of 24.44, a P/E/G ratio of 2.83 and a beta of 0.92. The firm has a 50 day simple moving average of $15.91 and a 200-day simple moving average of $15.15. Industria de Diseno Textil has a 1-year low of $11.56 and a 1-year high of $17.34.

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