LeapFrog Enterprises, Inc (NYSE:LF) not leaping ahead yet
BMO Capital Markets equity researchers’ downgraded LeapFrog Enterprises, Inc (NYSE:LF) from an “outperform” to a “market perform” rating on Tuesday. The company had last issued its quarterly-earnings data on 1 August. It reported earnings per share of $0.04 for the quarter which topped analysts’ estimates of $0.08.
The revenue for the quarter stood at $83.00 million while the consensus estimate was $77.24 million. In the same quarter of 2012, LF had posted earnings per share of $0.12. The average analyst estimate is that the company will post earnings per share of $0.65 for the current financial year.
Numerous other analysts have also weighed on LeapFrog Enterprises. Imperial Capital analysts’ raised their price-target on the shares from $12.00 to $13.00 on 5 August and have now assigned an “outperform” rating on the stock. Roth Capital analysts raised their price-target from $12.00 to $14.00 and have now set a “buy” rating on the stock. Moness Crespi &Hardt analysts have raised their price-target on the shares from $12.00 to $13.00 on 2 August and have now set a “buy” rating on the stock.
Two investment-analysts have assigned a “hold” rating on LF shares while 7 analysts have set a “buy” rating. At the moment, the average rating in the company is a “buy” and the consensus price-target is $12.83.
Tuesday’s trading session
LeapFrog Enterprises, Inc (NYSE:LF) stock dipped by 7.38% in Tuesday’s trading session. The opening price of the shares was $9.31 which touched an intraday high of $9.35 and closed at $8.91. More than 5.86 million shares were traded in Tuesday’s trading session while the average volume of shares traded over 30 days was 1.34 million. The company has a market cap of $648.30 million. LF has a 1-year low of $7.00 while its one year high is $11.95. The stock’s 50 day moving average is $10.80 and its 200 day moving average is $9.49. Its P/E ratio is 6.93.