Constant Contact Upgraded by Zacks to Outperform (CTCT)
Constant Contact (NASDAQ:CTCT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a $24.60 price target on the stock. Zacks‘ price target would indicate a potential upside of 8.13% from the company’s current price.
Constant Contact (NASDAQ:CTCT) traded up 0.22% during mid-day trading on Wednesday, hitting $22.80. 143,687 shares of the company’s stock traded hands. Constant Contact has a one year low of $11.50 and a one year high of $24.05. The stock has a 50-day moving average of $20.9 and a 200-day moving average of $16.93. The company has a market cap of $699.5 million and a price-to-earnings ratio of 55.90.
Constant Contact (NASDAQ:CTCT) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.02. The company had revenue of $70.20 million for the quarter, compared to the consensus estimate of $70.12 million. During the same quarter last year, the company posted $0.11 earnings per share. Constant Contact’s revenue was up 13.0% compared to the same quarter last year. Analysts expect that Constant Contact will post $0.67 EPS for the current fiscal year.
CTCT has been the subject of a number of other recent research reports. Analysts at Robert W. Baird raised their price target on shares of Constant Contact from $18.00 to $23.00 in a research note to investors on Friday, September 27th. They now have a “neutral” rating on the stock. Separately, analysts at Janney Montgomery Scott upgraded shares of Constant Contact from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, September 12th. They now have a $25.00 price target on the stock, up previously from $18.00. Finally, analysts at Lazard Capital Markets upgraded shares of Constant Contact from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $21.70.
Constant Contact, Inc (NASDAQ:CTCT) is a provider of on-demand engagement marketing tools that are designed for small organizations, including small businesses, associations and non-profits.
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