Grifols, S.A. (NASDAQ:GRFS) Given Price Target Of $15


As per Grifols, S.A. (NASDAQ:GRFS)’s news release on 2016-06-10, its shareholders will get cash dividend of $0.113 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-06 and 2016-06-15, respectively.

The stock will commence trading ex-dividend from 2016-06-02, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Grifols, S.A. (NASDAQ:GRFS) disbursed $0.113 in dividend compared to distribution of $0.113, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 25.1945%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Grifols, S.A. (NASDAQ:GRFS) to attain a price target of $15. It is an average estimate figure given by 1 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $15. The low price range is set at $15 for next year while the arithmetic mean is seen at 2.77.

Eyeing Earnings Grifols, S.A. (NASDAQ:GRFS) is likely to post quarterly numbers around 2016-11-02 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.27 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Grifols, S.A. (NASDAQ:GRFS) earnings came at $0.27 suggesting a deviation of $0. The brokerages targeted EPS of $0.27 for the quarter.

Shares of the Grifols, S.A. (NASDAQ:GRFS) traded in the range of $16.54 to $16.65 and closed the last trading session at $16.62 on a volume of ((Volume:238}}.

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