Topeka Capital Markets reissued their buy rating on shares of Nordstrom (NYSE: JWN) in a research report sent to investors on Thursday morning, Analyst Ratings Network reports. The firm currently has a $68.00 price target on the stock.
Shares of Nordstrom (NYSE: JWN) traded down 0.21% during mid-day trading on Thursday, hitting $62.13. Nordstrom has a one year low of $50.90 and a one year high of $63.34. The stock’s 50-day moving average is currently $59.79. The company has a market cap of $12.157 billion and a P/E ratio of 17.29.
Other equities research analysts have also recently issued reports about the stock. Analysts at KeyCorp raised their price target on shares of Nordstrom from $65.00 to $70.00 in a research note to investors on Tuesday, July 9th. They now have a buy rating on the stock. Separately, analysts at Piper Jaffray Cos. reiterated an overweight rating on shares of Nordstrom in a research note to investors on Monday, July 8th. They now have a $64.00 price target on the stock. Finally, analysts at Maxim Group initiated coverage on shares of Nordstrom in a research note to investors on Monday, June 24th. They set a buy rating and a $70.00 price target on the stock.
Nine investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $64.53.
Nordstrom, Inc is a fashion specialty retailer, with 225 the United States stores located in 30 states as of March 16, 2012.