Pernod Ricard (OTCMKTS:PDRDY) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Pernod Ricard (OTCMKTS:PDRDY) from a hold rating to a buy rating in a research note issued to investors on Saturday, January 13th. Zacks Investment Research currently has $36.00 target price on the stock.

According to Zacks, “Pernod Ricard SA, based in France, operates as a manufacturer and seller of a wide range of wines and spirits. The company operates as holding company, with the structure divided between brand owner subsidiaries, such as The Absolut Company, Havana Club International and Chivas Brothers, which produce and develop marketing strategies for the brands, and regional distribution subsidiaries, such as Pernod Ricard Europe, Pernod Ricard Americas and Pernod Ricard Asia, which implement marketing strategies and distribute local brands. The Company is active in eight principal beverage sectors: whiskies, aniseed spirits, liqueurs, cognacs and brandies, white spirits and rums, bitters, champagnes and wines. Pernod Ricard SA’s flagship brands include Ricard, Havana Club, Ballantine’s, Malibu, Martell, The Glenlivet, Chivas Regal, Jameson and Absolut Vodka, among others. “

Shares of Pernod Ricard (PDRDY) traded down $0.18 during midday trading on Friday, reaching $31.86. 147,255 shares of the company were exchanged, compared to its average volume of 197,377. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 0.52. Pernod Ricard has a one year low of $22.58 and a one year high of $32.19.

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Pernod Ricard Company Profile

Pernod Ricard SA produces and sells wines and spirits in Europe, the Americas, Asia, and internationally. The company offers liqueurs, sparkling wines, brandy, tequila, rum, vodka, bitters, gin, cognac, anise-based spirits, wine-based aperitifs, champagne, whisky, and ouzo. Its brand portfolio includes Absolut Vodka and Chivas Regal; Ballantine’s, Beefeater, Jameson, Kahlúa, Malibu, Ricard, and Havana Club; Martell Cognac, G.H.Mumm, The Glenlivet, Perrier-Jouët, and Royal Salute; and Brancott Estate, Graffigna, Campo Viejo, Jacob's Creek, and Kenwood.

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