What Will The Effects of a Morgan Stanley Downgrade Be For Etsy (NASDAQ:ETSY) Shares?

January 13, 2018 - By Marie Mckinney

 What Will The Effects of a Morgan Stanley Downgrade Be For Etsy (NASDAQ:ETSY) Shares?

Etsy (NASDAQ:ETSY) Receives a Downgrade

In a note made public on 12 January, Morgan Stanley announced that they will be downgrading shares of Etsy (NASDAQ:ETSY) from a Equal-Weight to a Underweight rating.

Etsy, Inc. (NASDAQ:ETSY) Ratings Coverage

Among 16 analysts covering Etsy (NASDAQ:ETSY), 5 have Buy rating, 2 Sell and 9 Hold. Therefore 31% are positive. Etsy has $26 highest and $5.75 lowest target. $14.46’s average target is -26.00% below currents $19.54 stock price. Etsy had 40 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Hold” on Tuesday, August 4. The firm has “Strong Sell” rating by Vetr given on Wednesday, August 19. TH Capital initiated the stock with “Sell” rating in Tuesday, December 22 report. As per Monday, September 26, the company rating was maintained by Maxim Group. Monness Crespi & Hardt upgraded the shares of ETSY in report on Wednesday, November 11 to “Neutral” rating. The stock of Etsy, Inc. (NASDAQ:ETSY) has “Hold” rating given on Thursday, October 12 by Roth Capital. The rating was maintained by Piper Jaffray with “Hold” on Tuesday, October 3. The stock of Etsy, Inc. (NASDAQ:ETSY) has “Hold” rating given on Friday, August 4 by Stifel Nicolaus. The firm has “Buy” rating by Loop Capital given on Thursday, January 5. The rating was initiated by Topeka Capital Markets with “Hold” on Wednesday, November 18.

The stock decreased 4.96% or $1.02 during the last trading session, reaching $19.54. About 3.06 million shares traded or 45.24% up from the average. Etsy, Inc. (NASDAQ:ETSY) has risen 61.92% since January 13, 2017 and is uptrending. It has outperformed by 45.22% the S&P500.

Analysts await Etsy, Inc. (NASDAQ:ETSY) to report earnings on February, 27. They expect $0.10 earnings per share, up 233.33 % or $0.07 from last year’s $0.03 per share. ETSY’s profit will be $12.17 million for 48.85 P/E if the $0.10 EPS becomes a reality. After $0.12 actual earnings per share reported by Etsy, Inc. for the previous quarter, Wall Street now forecasts -16.67 % negative EPS growth.

Etsy, Inc. operates as a commerce platform to make, sell, and buy goods online and offline worldwide. The company has market cap of $2.38 billion. The Company’s platform includes its markets, services, and technology, which enables to engage a community of sellers and buyers. It has a 145.82 P/E ratio. The firm offers approximately 45 million items across approximately 50 retail categories to buyers.

More notable recent Etsy, Inc. (NASDAQ:ETSY) news were published by: Prnewswire.com which released: “Etsy Predicts 2018 Trends to Watch: The Year of the Perfectly Imperfect” on January 09, 2018, also Seekingalpha.com with their article: “Etsy: A Long-Term Growth Prospect Despite Current High Valuations” published on December 21, 2017, Usmarketsdaily.com published: “Etsy Inc (NASDAQ:ETSY) Projects 2018 Trends To Keep An Eye On” on January 12, 2018. More interesting news about Etsy, Inc. (NASDAQ:ETSY) were released by: Seekingalpha.com and their article: “Etsy: Poach The Migrating Merchants” published on January 12, 2018 as well as Investorplace.com‘s news article titled: “Best Stocks for 2018: Etsy Inc Is Getting Its Mojo Back” with publication date: December 18, 2017.

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