Ascena Retail Group, Inc. (NASDAQ:ASNA)’s stock has been of interest for both individual investors and Wall Street analysts recently. Let’s look at the crowd and equity research sentiment so that we can get a solid idea as to where the shares might be headed. Should we buy, sell or hold?
Zacks collects broker services based on the information provided by 7 analysts. These services are then Zacks into their five-point ratings scale, allowing for easier interpretation for private investors. This differs from the Crowd Ratings scale, because Zacks numbers work in the opposite direction. Zacks says one is a “Strong Buy” and five is a Strong Sell. Ascena Retail Group, Inc. (NASDAQ:ASNA)’s ABR (average broker rating) is 2.75.
Street analysts anticipate that the social media giant would post quarterly share earnings of $0.1. The actual earnings that the firm reported last quarter was $-0.07. Interested parties will be awaiting the moment when Ascena Retail Group, Inc. (NASDAQ:ASNA) will reveal their actual results on 2017-05-30.
Now let’s look at the Closing Bell. Individual investors can rate a stock according a sliding scale where “one” is a Strong Sell and “five” is a Strong Buy. Ascena Retail Group, Inc. (NASDAQ:ASNA)’s crowd consensus rating is 2.75. This rating is derived from the 4 ratings provided by individuals investors.
Brokerage Firm Analysts View
Private investors also pay attention to how Wall Street researchers react to stocks. Zacks Research, a well-respected research firm with over 30 years of experience, compiles all of this brokerage data and then produce rankings and predictive data. Wall Street sell-side analysts anticipated that Ascena Retail Group, Inc. (NASDAQ:ASNA)’s shares will reach a high of $5-$10. The consensus target is at $6.428.