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

UBS Group upgraded shares of Samsonite Group (OTCMKTS:SMSEY) from a hold rating to a strong-buy rating in a report issued on Friday morning,Zacks.com reports.

A number of other brokerages have also recently weighed in on SMSEY. Zacks Research upgraded Samsonite Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 27th. Jefferies Financial Group upgraded Samsonite Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Samsonite Group Stock Performance

SMSEY stock traded down $0.14 during trading on Friday, hitting $11.94. 1,338 shares of the company’s stock traded hands, compared to its average volume of 45,400. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 11.48 and a beta of 0.69. Samsonite Group has a 52 week low of $8.32 and a 52 week high of $15.16. The stock has a fifty day moving average price of $10.81 and a two-hundred day moving average price of $10.15. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.87.

Samsonite Group (OTCMKTS:SMSEY) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.23 EPS for the quarter. The business had revenue of $872.70 million during the quarter. Samsonite Group had a net margin of 8.46% and a return on equity of 20.98%. As a group, equities analysts anticipate that Samsonite Group will post 1.15 EPS for the current fiscal year.

About Samsonite Group

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.