Fred’s Inc (NASDAQ:FRED) Rating Reaffirmed
MKM Partners now has a $16.00 TP on the $576.88 million market cap company or -5.55% downside potential. In analysts note published on Thursday, 26 November, Fred’s Inc (NASDAQ:FRED) shares have had their Neutral Rating kept steady by research analysts at MKM Partners.
From a total of 3 analysts covering Fred’s (NASDAQ:FRED) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 0 of the ratings are positive. The highest target price is $16 while the lowest target price is $11. The mean of all analyst targets is $13.50 with a -20.31% below today’s ($16.94) stock price. Fred’s was the topic of 5 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. M Partners maintained shares on November 25 with “Neutral” rating.
The stock increased 9.43% or $1.46 on November 25, striking $16.94. Approximately 533,546 shares of stock traded hands or 200.18% up from the average. Fred’s, Inc. (NASDAQ:FRED) has declined 4.88% since April 24, 2015 and is downtrending. It has underperformed by 3.52% the S&P500.
Fred’s Inc. is an operator of general merchandise stores. The company has a market cap of $576.88 million. The Firm operates approximately 660 discount general merchandise stores, including around 19 franchised Fred’s stores, in 15 states in the southeastern United States. It currently has negative earnings. The Firm has around 370 full service pharmacies in its stores.
According to Zacks Investment Research, “Fred’s, Inc. operates discount general merchandise stores in a number states in the southeastern United States. Fred’s stores generally serve low, middle and fixed income families located in small to medium sized towns. The majority of the company’s stores have full service pharmacies. The company also markets goods and services to franchised Fred’s stores.” Get a free copy of the Zacks research report on Fred’s, Inc. (FRED)