National Vision (NASDAQ:EYE) Stock Price Expected to Rise, Citigroup Analyst Says

National Vision (NASDAQ:EYE) had its price target raised by analysts at Citigroup from $12.00 to $13.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential upside of 6.91% from the stock’s current price.

A number of other analysts have also weighed in on EYE. Wells Fargo & Company raised their target price on National Vision from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Barclays raised their price objective on shares of National Vision from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday, March 3rd. Finally, Morgan Stanley reduced their target price on shares of National Vision from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $14.00.

National Vision Stock Up 3.8 %

NASDAQ EYE opened at $12.16 on Friday. The stock’s 50 day simple moving average is $11.46 and its 200 day simple moving average is $11.06. National Vision has a one year low of $9.56 and a one year high of $24.11. The firm has a market cap of $958.00 million, a PE ratio of -60.80, a price-to-earnings-growth ratio of 3.27 and a beta of 1.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.57 and a quick ratio of 0.37.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EYE. KBC Group NV lifted its holdings in National Vision by 64.6% in the third quarter. KBC Group NV now owns 3,291 shares of the company’s stock valued at $36,000 after buying an additional 1,292 shares during the period. Quarry LP bought a new position in shares of National Vision in the 3rd quarter worth $43,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of National Vision during the third quarter worth $45,000. GAMMA Investing LLC increased its holdings in National Vision by 309.2% in the fourth quarter. GAMMA Investing LLC now owns 4,906 shares of the company’s stock valued at $51,000 after purchasing an additional 3,707 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in National Vision by 87.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,050 shares of the company’s stock valued at $73,000 after buying an additional 3,291 shares during the period.

National Vision Company Profile

National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses, and optical accessory products; provides eye exams through its America’s Best, Eyeglass World, Vista Optical, Fred Meyer, and Vista Optical military, as well as Vision Center branded stores; and offers health maintenance organization and optometric services.