Other research analysts also recently issued reports about the company. Piper Sandler reduced their price objective on Olaplex from $12.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, October 19th. Bank of America downgraded Olaplex from a “buy” rating to an “underperform” rating and cut their price target for the company from $15.00 to $5.00 in a report on Wednesday, October 19th. Raymond James downgraded Olaplex from a “strong-buy” rating to a “market perform” rating and cut their price target for the company from $20.00 to $15.00 in a report on Wednesday, October 19th. Telsey Advisory Group cut their price target on Olaplex from $25.00 to $11.00 and set an “outperform” rating on the stock in a report on Wednesday, October 19th. Finally, The Goldman Sachs Group cut their price target on Olaplex from $22.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, October 10th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $9.15.
Olaplex Trading Up 1.4 %
OLPX opened at $5.75 on Wednesday. The stock’s fifty day moving average is $8.02 and its two-hundred day moving average is $12.56. The company has a market capitalization of $3.73 billion, a P/E ratio of 14.02, a PEG ratio of 1.31 and a beta of 1.02. Olaplex has a 52 week low of $3.80 and a 52 week high of $30.41. The company has a quick ratio of 3.91, a current ratio of 5.61 and a debt-to-equity ratio of 0.88.
Institutional Inflows and Outflows
Olaplex Holdings, Inc manufactures and sells hair care products. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair. It provides hair care products to professional hair salons, retailers, and everyday consumers. The company was founded in 2014 and is based in Santa Barbara, California.
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