Autodesk Price Target Increased to $40.00 by Analysts at Evercore Partners (ADSK)
Analysts at Evercore Partners increased their price objective on shares of Autodesk (NASDAQ:ADSK) from $37.00 to $40.00 in a research report issued to clients and investors on Thursday, Analyst Ratings Network reports. The firm currently has an “equal weight” rating on the stock. Evercore Partners’ price objective suggests a potential downside of 5.10% from the company’s current price.
A number of other firms have also recently commented on ADSK. Analysts at Cowen and Company raised their price target on shares of Autodesk (NASDAQ:ADSK) from $36.00 to $42.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Autodesk (NASDAQ:ADSK) from $40.00 to $45.00 in a research note to investors on Thursday. They now have an “equal weight” rating on the stock. Finally, analysts at Bank of America Corp. upgraded shares of Autodesk (NASDAQ:ADSK) to a “neutral” rating in a research note to investors on Thursday. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Autodesk has a consensus rating of “Hold” and a consensus target price of $43.72.
Autodesk (NASDAQ:ADSK) traded down 0.94% during mid-day trading on Thursday, hitting $42.15. The stock had a trading volume of 7,238,204 shares. Autodesk has a one year low of $30.20 and a one year high of $42.82. The stock’s 50-day moving average is $38.60 and its 200-day moving average is $37.42. The company has a market cap of $9.399 billion and a price-to-earnings ratio of 44.37. Autodesk also was the target of unusually large options trading on Tuesday. Stock investors acquired 19,429 call options on the company. This represents an increase of 162% compared to the average daily volume of 7,423 call options.
Autodesk (NASDAQ:ADSK) last announced its earnings results 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 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. On average, analysts predict that Autodesk will post $1.75 earnings per share for the current fiscal year.
Autodesk, Inc (NASDAQ:ADSK) is designs software and services company.
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