Outerwall (OUTR) has an average broker rating of 3, which is interpreted as a Hold, as rated by 6 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Outerwall (OUTR) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $58 and the lowest price target forecast is $41. The average forecast of all the analysts is $50.75 and the expected standard deviation is $7.09.
Also, Brokerage firm Roth Capital downgrades its rating on Outerwall (NASDAQ:OUTR). The shares have been rated Sell. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on July 25, 2016.
Outerwall (NASDAQ:OUTR): After opening at $51.91, the stock dipped to an intraday low of $51.91 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $51.98 and the buying power remained strong till the end. The stock closed at $51.93 for the day, a gain of 0.06% for the day session. The total traded volume was 508,772. The stocks close on the previous trading day was $51.9.
Outerwall Inc. is a provider of automated retail solutions. The Companys business segments include The Redbox, Coinstar and New Ventures. The Redbox segment is focused on the entertainment consumer sector, where consumers can rent or purchase movies and video games from self-service kiosks. The Coinstar business segment is focused on the money consumer sector and provides self-service kiosks where consumers can convert their coins to cash and convert coins and paper bills to stored value products. Its New Ventures segment identifies, evaluates, builds and develops self-service concepts in the automated retail space.