Manhattan Associates Price Target Increased to $94.00 by Analysts at Benchmark Co. (MANH)
Stock analysts at Benchmark Co. upped their price objective on shares of Manhattan Associates (NASDAQ:MANH) from $75.00 to $94.00 in a report issued on Tuesday, StockRatingsNetwork reports. The firm currently has a “hold” rating on the stock. Benchmark Co.’s price objective points to a potential downside of 2.61% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Manhattan Associates (NASDAQ:MANH) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, July 25th. They now have a $87.20 price target on the stock. Analysts at Thomson Reuters/Verus upgraded shares of Manhattan Associates (NASDAQ:MANH) from a “hold” rating to a “buy” rating in a research note to investors on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $81.55.
Shares of Manhattan Associates (NASDAQ:MANH) traded up 1.12% on Tuesday, hitting $96.52. The stock had a trading volume of 67,788 shares. Manhattan Associates has a 1-year low of $54.90 and a 1-year high of $96.32. The stock’s 50-day moving average is $91.0 and its 200-day moving average is $80.26. The company has a market cap of $1.864 billion and a price-to-earnings ratio of 33.17.
Manhattan Associates (NASDAQ:MANH) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.13. The company had revenue of $102.52 million for the quarter, compared to the consensus estimate of $103.63 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. On average, analysts predict that Manhattan Associates will post $3.42 earnings per share for the current fiscal year.
Manhattan Associates, Inc (NASDAQ:MANH) is a developer and implementer of supply chain software solutions that help organizations optimize their supply chain operations from planning through execution.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.