Janney Montgomery Scott Reiterates Buy Rating for TIBCO Software (TIBX)
TIBCO Software (NASDAQ:TIBX)‘s stock had its “buy” rating reaffirmed by research analysts at Janney Montgomery Scott in a report released on Friday, American Banking News reports. They currently have a $28.00 target price on the stock. Janney Montgomery Scott’s target price would indicate a potential upside of 10.89% from the company’s current price.
TIBX has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their EPS on shares of TIBCO Software (NASDAQ:TIBX) in a research note to investors on Friday. They now have a “buy” rating and a $29.00 price target on the stock. They previously had a $26.00 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of TIBCO Software (NASDAQ:TIBX) from $26.00 to $31.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Pacific Crest raised their price target on shares of TIBCO Software (NASDAQ:TIBX) from $25.00 to $30.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock.
Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. TIBCO Software presently has a consensus rating of “Buy” and an average target price of $27.33.
Shares of TIBCO Software (NASDAQ:TIBX) traded up 4.95% during mid-day trading on Friday, hitting $26.50. The stock had a trading volume of 6,834,825 shares. TIBCO Software has a 1-year low of $18.18 and a 1-year high of $31.57. The stock’s 50-day moving average is $23.77 and its 200-day moving average is $22.04. The company has a market cap of $4.263 billion and a price-to-earnings ratio of 45.83. TIBCO Software also was the recipient of some unusual options trading activity on Thursday. Traders acquired 41,474 call options on the stock. This represents an increase of approximately 775% compared to the average daily volume of 4,740 call options.
TIBCO Software (NASDAQ:TIBX) last released its earnings data on Thursday, September 19th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.06. The company had revenue of $270.90 million for the quarter, compared to the consensus estimate of $258.21 million. During the same quarter last year, the company posted $0.27 earnings per share. TIBCO Software’s revenue was up 6.2% compared to the same quarter last year. On average, analysts predict that TIBCO Software will post $0.98 earnings per share for the current fiscal year.
TIBCO Software Inc (NASDAQ:TIBX) is a provider of middleware and infrastructure software.
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