Jefferies analyst David Hayes has maintained their bullish stance on ICOS stock, giving a Buy rating on April 23.
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David Hayes has given his Buy rating due to a combination of factors surrounding Intercos S.p.A.’s recent performance. The company has exceeded market expectations in terms of sales and profit margins, which is a positive outcome amidst concerns about a slowdown in the makeup sector. This achievement is partly attributed to a potential increase in customer inventory levels in anticipation of upcoming tariffs.
Furthermore, Intercos S.p.A. has shown a notable growth trend, particularly with multinational clients, and maintains a strong underlying growth rate of approximately 7%, excluding the impact of a recent cyberattack. Although the price-to-earnings ratio stands at 18x, which suggests limited room for re-rating, the anticipated mid-teens growth in earnings per share provides a solid foundation for the Buy recommendation.
In another report released on April 23, Kepler Capital also maintained a Buy rating on the stock with a €17.50 price target.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ICOS in relation to earlier this year.