Ermenegildo Zegna N.V. (NYSE:ZGN) Given Consensus Rating of "Hold" by Analysts

Key Points

• Ermenegildo Zegna N.V. has received a consensus recommendation of "Hold" from analysts, with one sell, three hold, and two buy ratings out of six ratings firms.
• JPMorgan Chase initiated coverage with an "overweight" rating and a price target of $11.00, while UBS Group has upgraded their rating to "hold."
• The company's stock opened at $8.73, with a 52-week range between $6.05 and $10.14, and institutional investors own approximately 12.91% of its stock.

Shares of Ermenegildo Zegna N.V. (NYSE:ZGN - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $9.2750.

Several brokerages have recently weighed in on ZGN. JPMorgan Chase & Co. started coverage on shares of Ermenegildo Zegna in a research note on Monday. They issued an "overweight" rating and a $11.00 target price on the stock. UBS Group upgraded shares of Ermenegildo Zegna to a "hold" rating in a report on Monday, September 8th.

Institutional Investors Weigh In On Ermenegildo Zegna

Institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System bought a new stake in shares of Ermenegildo Zegna in the 2nd quarter worth about $33,000. Quarry LP bought a new stake in Ermenegildo Zegna during the 1st quarter valued at about $43,000. Ameritas Investment Partners Inc. bought a new stake in Ermenegildo Zegna during the 2nd quarter valued at about $54,000. Lazard Asset Management LLC bought a new stake in Ermenegildo Zegna during the 2nd quarter valued at about $54,000. Finally, Legal & General Group Plc bought a new stake in Ermenegildo Zegna during the 2nd quarter valued at about $59,000. Institutional investors own 12.91% of the company's stock.

Ermenegildo Zegna Price Performance

ZGN stock opened at $8.73 on Monday. Ermenegildo Zegna has a 52 week low of $6.05 and a 52 week high of $10.14. The company has a quick ratio of 0.79, a current ratio of 1.42 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $8.51 and a two-hundred day simple moving average of $8.15. The firm has a market capitalization of $3.56 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 2.85 and a beta of 0.73.

Ermenegildo Zegna Company Profile

Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances.

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