Textura Corp PT Raised to $50.00 (TXTR)
Stock analysts at Credit Suisse upped their target price on shares of Textura Corp (NASDAQ:TXTR) from $36.00 to $50.00 in a report issued on Monday, American Banking and Market News reports. Credit Suisse’s price objective would suggest a potential upside of 16.06% from the stock’s previous close.
A number of other analysts have also recently weighed in on TXTR. Analysts at Oppenheimer raised their price target on shares of Textura Corp (NASDAQ:TXTR) from $35.00 to $36.00 in a research note to investors on Thursday, August 8th. They now have an “outperform” rating on the stock. Separately, analysts at JMP Securities initiated coverage on shares of Textura Corp (NASDAQ:TXTR) in a research note to investors on Monday, July 8th. They set an “outperform” rating and a $38.00 price target on the stock. Finally, analysts at Barrington Research initiated coverage on shares of Textura Corp (NASDAQ:TXTR) in a research note to investors on Tuesday, July 2nd. They set an “outperform” rating and a $35.00 price target on the stock. Four research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of $36.20.
Textura Corp (NASDAQ:TXTR) traded up 3.48% on Monday, hitting $43.08. The stock had a trading volume of 605,836 shares. Textura Corp has a 52 week low of $19.68 and a 52 week high of $44.17. The stock has a 50-day moving average of $38.27 and a 200-day moving average of $32.00. The company’s market cap is $1.031 billion.
Textura Corp (NASDAQ:TXTR) last released its earnings data on Wednesday, August 7th. The company reported ($0.75) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.58) by $0.17. The company had revenue of $9.40 million for the quarter, compared to the consensus estimate of $9.11 million. During the same quarter in the prior year, the company posted ($0.38) earnings per share. The company’s quarterly revenue was up 64.9% on a year-over-year basis. On average, analysts predict that Textura Corp will post $-1.54 earnings per share for the current fiscal year.
In other Textura Corp news, Insider Matt Ostanik unloaded 400,000 shares of Textura Corp stock on the open market in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $36.29, for a total value of $14,516,000.00. Following the completion of the sale, the insider now directly owns 259,822 shares in the company, valued at approximately $9,428,940. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Textura Corporation is a provider of on-demand business collaboration software to the commercial construction industry.
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