Samsonite Group (OTCMKTS:SMSEY) Upgraded by Jefferies Financial Group to Strong-Buy Rating

Samsonite Group (OTCMKTS:SMSEY) was upgraded by analysts at Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Separately, Zacks Research upgraded Samsonite Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Samsonite Group currently has an average rating of “Buy”.

Samsonite Group Price Performance

Shares of OTCMKTS:SMSEY opened at $12.08 on Thursday. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 11.62 and a beta of 0.69. Samsonite Group has a 1 year low of $8.32 and a 1 year high of $15.16. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.87. The business has a fifty day simple moving average of $10.79 and a 200 day simple moving average of $10.13.

Samsonite Group (OTCMKTS:SMSEY) last issued its earnings results on Wednesday, November 12th. The company reported $0.23 earnings per share for the quarter. Samsonite Group had a return on equity of 20.98% and a net margin of 8.46%.The company had revenue of $872.70 million for the quarter. As a group, sell-side analysts predict that Samsonite Group will post 1.15 earnings per share for the current fiscal year.

Samsonite Group Company Profile

Samsonite International SA engages in the design, manufacture, sourcing, and distribution of travel luggage bags in North America, Asia, Europe, and Latin America. The company offers luggage, business, computer, outdoor, casual, and women's bags; and travel accessories and slim protective cases for personal electronic devices primarily under the Samsonite, Tumi, American Tourister, Speck, High Sierra, Gregory, Lipault, Kamiliant, Hartmann, and eBags brands, as well as other owned and licensed brand names.