Nice Systems Rating Lowered to Neutral at UBS AG (NICE)
Nice Systems (NASDAQ:NICE) was downgraded by equities research analysts at UBS AG from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
Shares of Nice Systems (NASDAQ:NICE) opened at 40.91 on Monday. Nice Systems has a one year low of $30.64 and a one year high of $42.12. The stock’s 50-day moving average is $38.42 and its 200-day moving average is $37.09. The company has a market cap of $2.470 billion and a P/E ratio of 30.21.
Nice Systems (NASDAQ:NICE) last released its earnings data on Wednesday, August 7th. The company reported $0.61 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.62 by $0.01. The company had revenue of $225.00 million for the quarter, compared to the consensus estimate of $226.93 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts expect that Nice Systems will post $2.59 EPS for the current fiscal year.
NICE has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Nice Systems (NASDAQ:NICE) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 6th. They now have a $42.60 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Nice Systems (NASDAQ:NICE) from $44.50 to $47.00 in a research note to investors on Tuesday, July 30th. They now have an “overweight” rating on the stock.
Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $42.77.
NICE-Systems Ltd. (NASDAQ:NICE) is a provider of solutions that enable enterprises and security organizations to extract insight from interactions, transactions and surveillance.
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