FactSet Research Systems Now Covered by Raymond James (FDS)
Raymond James assumed coverage on shares of FactSet Research Systems (NYSE:FDS) in a research note issued on Monday, AR Network reports. The firm set an “underperform” rating on the stock.
FactSet Research Systems (NYSE:FDS) traded down 1.56% on Monday, hitting $111.37. The stock had a trading volume of 611,917 shares. FactSet Research Systems has a 1-year low of $86.88 and a 1-year high of $113.30. The stock has a 50-day moving average of $108.2 and a 200-day moving average of $101.6. The company has a market cap of $4.822 billion and a price-to-earnings ratio of 25.42.
FactSet Research Systems (NYSE:FDS) last released its earnings data on Tuesday, September 17th. The company reported $1.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.21 by $0.01. The company had revenue of $219.30 million for the quarter, compared to the consensus estimate of $218.93 million. During the same quarter in the prior year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts expect that FactSet Research Systems will post $5.02 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of FactSet Research Systems in a research note to investors on Friday, September 20th. They set a “sell” rating and a $97.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of FactSet Research Systems in a research note to investors on Thursday, September 19th. They now have a $117.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of FactSet Research Systems from $91.00 to $109.00 in a research note to investors on Wednesday, September 18th. They now have a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $104.50.
FactSet Research Systems Inc (NYSE:FDS) is a provider of integrated financial information and analytical applications to the global investment community.
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