Northland Capital Partners Increases Acxiom Corp. Price Target to $35.00 (ACXM)
Research analysts at Northland Capital Partners upped their price target on shares of Acxiom Corp. (NASDAQ:ACXM) from $30.00 to $35.00 in a report released on Friday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Northland Capital Partners’ target price points to a potential upside of 24.38% from the stock’s previous close.
Shares of Acxiom Corp. (NASDAQ:ACXM) opened at 28.14 on Friday. Acxiom Corp. has a 1-year low of $16.19 and a 1-year high of $29.26. The stock’s 50-day moving average is $25.79 and its 200-day moving average is $22.88. The company has a market cap of $2.084 billion and a price-to-earnings ratio of 37.47.
Acxiom Corp. (NASDAQ:ACXM) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.02. The company had revenue of $266.20 million for the quarter, compared to the consensus estimate of $265.50 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, analysts predict that Acxiom Corp. will post $0.75 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Acxiom Corp. (NASDAQ:ACXM) from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday. They now have a $25.00 price target on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of Acxiom Corp. (NASDAQ:ACXM) from $25.00 to $22.00 in a research note to investors on Friday, August 2nd. They now have a “market perform” rating on the stock.
Acxiom Corporation (NASDAQ:ACXM) is engaged in providing marketing technology and services.
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