While Ermenegildo Zegna N.V has underperformed by -3.15%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ZGN fell by -29.20%, with highs and lows ranging from $15.26 to $7.13, whereas the simple moving average fell by -23.32% in the last 200 days.
On November 22, 2024, Morgan Stanley started tracking Ermenegildo Zegna N.V (NYSE: ZGN) recommending Underweight. A report published by BofA Securities on September 23, 2024, Downgraded its rating to ‘Neutral’ for ZGN. Exane BNP Paribas Initiated an Underperform rating on October 12, 2023, and assigned a price target of $11.60. BofA Securities September 25, 2023d its ‘Neutral’ rating to ‘Buy’ for ZGN, as published in its report on September 25, 2023. BofA Securities’s report from September 20, 2022 suggests a price prediction of $13 for ZGN shares, giving the stock a ‘Buy’ rating. UBS also rated the stock as ‘Neutral’.
Analysis of Ermenegildo Zegna N.V (ZGN)
The current dividend for ZGN investors is set at $0.13 per share, indicating investors will get a return regardless of how the company performs over the next quarter.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Ermenegildo Zegna N.V’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 12.47% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.79, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and ZGN is recording an average volume of 853.63K. On a monthly basis, the volatility of the stock is set at 3.95%, whereas on a weekly basis, it is put at 3.10%, with a loss of -7.30% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.34, showing growth from the present price of $8.00, which can serve as yet another indication of whether ZGN is worth investing in or should be passed over.
How Do You Analyze Ermenegildo Zegna N.V Shares?
Ermenegildo Zegna N.V (ZGN) is based in the Italy and is one of the most prominent companies operating in the Apparel Manufacturing market. When comparing Ermenegildo Zegna N.V shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 18.77, there is a growth in quarterly earnings of -54950.00%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 76.02%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 21.48% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ZGN shares are owned by institutional investors to the tune of 21.48% at present.
