Solera Holdings Price Target Raised to $61.00 at Raymond James (SLH)
Analysts at Raymond James lifted their target price on shares of Solera Holdings (NYSE:SLH) from $59.00 to $61.00 in a research report issued to clients and investors on Tuesday, Analyst Ratings News reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 15.46% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets cut their price target on shares of Solera Holdings from $60.00 to $53.00 in a research note to investors on Friday, August 23rd. They now have a “market perform” rating on the stock. Separately, analysts at SunTrust cut their price target on shares of Solera Holdings from $72.00 to $70.00 in a research note to investors on Wednesday, August 21st. They now have a “buy” rating on the stock. Finally, analysts at Zacks downgraded shares of Solera Holdings from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, July 15th. They now have a $53.70 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $59.54.
Solera Holdings (NYSE:SLH) traded up 0.09% during mid-day trading on Tuesday, hitting $52.83. 365,797 shares of the company’s stock traded hands. Solera Holdings has a 1-year low of $44.34 and a 1-year high of $59.82. The stock has a 50-day moving average of $53.11 and a 200-day moving average of $55.00. The company has a market cap of $3.635 billion and a price-to-earnings ratio of 39.18.
Solera Holdings (NYSE:SLH) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.66 by $0.02. The company had revenue of $218.53 million for the quarter, compared to the consensus estimate of $215.64 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. On average, analysts predict that Solera Holdings will post $2.41 earnings per share for the current fiscal year.
Solera Holdings, Inc is a provider of software and services to the automobile insurance claims processing industry.
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