Autodesk PT Raised to $43.00 (ADSK)
Robert W. Baird hoisted their target price on shares of Autodesk (NASDAQ:ADSK) from $41.00 to $43.00 in a research note issued on Friday, ARN reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 2.90% from the stock’s previous close.
Shares of Autodesk (NASDAQ:ADSK) traded down 0.36% on Friday, hitting $41.79. 3,170,404 shares of the company’s stock traded hands. Autodesk has a 52 week low of $30.20 and a 52 week high of $42.41. The stock’s 50-day moving average is $38.00 and its 200-day moving average is $37.39. The company has a market cap of $9.319 billion and a price-to-earnings ratio of 43.73. Autodesk also was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 12,891 call options on the stock. This is an increase of approximately 105% compared to the typical daily volume of 6,279 call options.
Autodesk (NASDAQ:ADSK) last released its earnings data on Thursday, August 22nd. The company reported $0.45 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.48 earnings per share. Autodesk’s revenue was down 1.2% compared to the same quarter last year. Analysts expect that Autodesk will post $1.75 EPS for the current fiscal year.
ADSK has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Autodesk (NASDAQ:ADSK) in a research note to investors on Friday. They now have a $42.00 price target on the stock, up previously from $35.00. Separately, analysts at Jefferies Group reiterated a “positive” rating on shares of Autodesk (NASDAQ:ADSK) in a research note to investors on Friday. They now have a $48.00 price target on the stock, up previously from $42.00. Finally, analysts at UBS AG raised their price target on shares of Autodesk (NASDAQ:ADSK) from $35.00 to $42.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $46.30.
In other Autodesk news, Director Crawford Beveridge unloaded 7,000 shares of the stock on the open market in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $38.55, for a total transaction of $269,850.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Autodesk, Inc (NASDAQ:ADSK) is designs software and services company.
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