Autodesk Receives Positive Rating from Jefferies Group (ADSK)
Autodesk (NASDAQ:ADSK)‘s stock had its “positive” rating reiterated by investment analysts at Jefferies Group in a note issued to investors on Friday, AR Network reports. They currently have a $48.00 target price on the stock, up from their previous target price of $42.00. Jefferies Group’s price target suggests a potential upside of 14.45% from the company’s current price.
ADSK has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, 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. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Autodesk currently has an average rating of “Hold” and an average price target of $45.70.
In other Autodesk news, Director Crawford Beveridge sold 7,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $38.55, for a total value of $269,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Autodesk (NASDAQ:ADSK) opened at 41.51 on Friday. 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 $37.82 and its 200-day moving average is $37.38. The company has a market cap of $9.257 billion and a P/E ratio of 43.73. Autodesk also was the recipient of some unusual options trading on Wednesday. Stock investors bought 12,891 call options on the stock. This is an increase of 105% compared to the average 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 (EPS) for the quarter, beating the 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 previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Analysts expect that Autodesk will post $1.75 EPS for the current fiscal year.
Autodesk, Inc (NASDAQ:ADSK) is designs software and services company.
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