Traeger (NYSE:COOK – Get Rating) had its price objective decreased by investment analysts at Morgan Stanley from $6.00 to $4.50 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 22.95% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Canaccord Genuity Group started coverage on Traeger in a report on Thursday, November 17th. They issued a “buy” rating and a $6.00 target price for the company. Royal Bank of Canada downgraded Traeger from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $4.00 to $3.00 in a report on Tuesday, January 3rd. William Blair reissued a “market perform” rating on shares of Traeger in a report on Friday, December 16th. Telsey Advisory Group reissued a “market perform” rating and issued a $3.50 target price on shares of Traeger in a report on Friday. Finally, Piper Sandler downgraded Traeger from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $6.00 to $4.00 in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $5.88.
Traeger Price Performance
Shares of NYSE COOK opened at $3.66 on Friday. The company has a quick ratio of 0.66, a current ratio of 2.13 and a debt-to-equity ratio of 1.19. The stock has a fifty day moving average price of $3.59 and a 200 day moving average price of $3.34. Traeger has a 1-year low of $2.48 and a 1-year high of $9.91.
Institutional Trading of Traeger
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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