Autodesk Given New $49.00 Price Target at UBS AG (ADSK)
Research analysts at UBS AG raised their price target on shares of Autodesk (NASDAQ:ADSK) from $42.00 to $49.00 in a report released on Friday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective would suggest a potential upside of 15.16% from the company’s current price.
A number of other firms have also recently commented on ADSK. Analysts at Zacks reiterated a “neutral” rating on shares of Autodesk (NASDAQ:ADSK) in a research note to investors on Monday, August 26th. They now have a $41.00 price target on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Autodesk (NASDAQ:ADSK) from $38.00 to $35.00 in a research note to investors on Friday, August 23rd. They now have a “hold” rating on the stock. Finally, analysts at MKM Partners reiterated a “neutral” rating on shares of Autodesk (NASDAQ:ADSK) in a research note to investors on Friday, August 23rd. They now have a $41.00 price target on the stock. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Autodesk has a consensus rating of “Hold” and an average price target of $43.23.
Shares of Autodesk (NASDAQ:ADSK) traded down 1.53% during mid-day trading on Friday, hitting $41.90. The stock had a trading volume of 4,881,825 shares. Autodesk has a 1-year low of $30.20 and a 1-year high of $42.82. The stock has a 50-day moving average of $38.40 and a 200-day moving average of $37.39. The company has a market cap of $9.344 billion and a P/E ratio of 44.37. Autodesk also was the target of unusually large options trading on Tuesday. Stock traders bought 19,429 call options on the stock. This is an increase of approximately 162% compared to the average daily volume of 7,423 call options.
Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, August 22nd. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.03. The company had revenue of $562.00 million for the quarter, compared to the consensus estimate of $560.73 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. On average, analysts predict that Autodesk will post $1.75 earnings per share for the current fiscal year.
Autodesk, Inc (NASDAQ:ADSK) is designs software and services company.
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