Traeger (NYSE:COOK – Get Rating) was downgraded by investment analysts at Piper Sandler from an “overweight” rating to a “neutral” rating in a report issued on Wednesday, Marketbeat.com reports. They currently have a $4.00 target price on the stock, down from their prior target price of $6.00. Piper Sandler’s target price points to a potential upside of 32.89% from the company’s previous close.
Several other equities research analysts also recently weighed in on the company. Royal Bank of Canada downgraded Traeger from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $4.00 to $3.00 in a report on Tuesday, January 3rd. Canaccord Genuity Group began coverage on Traeger in a research report on Wednesday, November 16th. They issued a “buy” rating and a $6.00 target price for the company. Credit Suisse Group decreased their price objective on Traeger to $3.15 in a research report on Tuesday, November 15th. Canaccord Genuity Group initiated coverage on Traeger in a research report on Thursday, November 17th. They set a “buy” rating and a $6.00 price objective for the company. Finally, William Blair reissued a “market perform” rating on shares of Traeger in a research note on Friday, December 16th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.01.
Traeger Price Performance
COOK stock opened at $3.01 on Wednesday. The company has a current ratio of 2.13, a quick ratio of 0.66 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $355.90 million, a PE ratio of -0.93 and a beta of 0.74. Traeger has a 12-month low of $2.48 and a 12-month high of $9.91. The business’s fifty day moving average price is $3.57 and its 200 day moving average price is $3.33.
Institutional Inflows and Outflows
Traeger Company Profile
Traeger, Inc, together with its subsidiaries, designs, sources, sells, and supports wood pellet fueled barbeque grills for retailers, distributors, and direct to consumers in the United States. Its wood pellet grills are internet of things devices that allow owners to program, monitor, and control their grill through its Traeger app.
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