Piper Sandler cut shares of Traeger (NYSE:COOK – Get Rating) from an overweight rating to a neutral rating in a research note published on Wednesday, Marketbeat Ratings reports. They currently have $4.00 price target on the stock, down from their prior price target of $6.00.
A number of other research analysts have also issued reports on COOK. William Blair reiterated a market perform rating on shares of Traeger in a research note on Friday, December 16th. Royal Bank of Canada cut Traeger from an outperform rating to a sector perform rating and dropped their target price for the stock from $4.00 to $3.00 in a research report on Tuesday, January 3rd. Canaccord Genuity Group started coverage on Traeger in a research note on Wednesday, November 16th. They set a buy rating and a $6.00 target price for 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 price target for the company. Finally, Credit Suisse Group reduced their price target on Traeger to $3.15 in a report on Tuesday, November 15th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $5.88.
Traeger Price Performance
NYSE COOK opened at $3.66 on Wednesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.66 and a current ratio of 2.13. Traeger has a one year low of $2.48 and a one year high of $9.91. The firm’s fifty day moving average is $3.59 and its two-hundred day moving average is $3.34.
Hedge Funds Weigh In On 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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