Where Wolverine World Wide Stands With Analysts
Portfolio Pulse from Benzinga Insights
In the past three months, 8 analysts have provided ratings for Wolverine World Wide (NYSE:WWW), with a mix of bullish and indifferent sentiments. Recent analyst actions have generally been positive, with several raising their price targets. The average 12-month price target has increased by 23.2% to $13.38. Despite this, Wolverine World Wide faces financial challenges, including a significant revenue decline, negative net margin, and high debt-to-equity ratio.
June 25, 2024 | 7:01 pm
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Wolverine World Wide (NYSE:WWW) has received mixed analyst ratings over the past three months, with a recent positive shift in price targets. The average 12-month price target has increased by 23.2% to $13.38. However, the company faces significant financial challenges, including a 34.12% decline in revenue, negative net margin, and a high debt-to-equity ratio.
While the recent positive shift in analyst price targets is a good sign, the significant financial challenges such as revenue decline, negative net margin, and high debt-to-equity ratio balance out the short-term impact, making it neutral overall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100