EPAM Systems Inc Reaches New 12-Month High at $35.45 (EPAM)
EPAM Systems (NASDAQ:EPAM) set a new 52-week high on Wednesday, Stock Ratings News reports. The company traded as high as $35.45 and last traded at $34.98, with a volume of 577,489 shares. The stock had previously closed at $33.28.
A number of research firms have recently commented on EPAM. Analysts at Needham & Company reiterated a “buy” rating on shares of EPAM Systems in a research note to investors on Thursday, October 3rd. They now have a $36.00 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of EPAM Systems from $34.00 to $40.00 in a research note to investors on Thursday, October 3rd. They now have an “overweight” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of EPAM Systems from $29.50 to $38.00 in a research note to investors on Monday, August 12th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. EPAM Systems currently has an average rating of “Buy” and a consensus target price of $32.93.
EPAM Systems has a 52-week low of $17.32 and a 52-week high of $35.34. The stock’s 50-day moving average is $33.17 and its 200-day moving average is $27.39. The company has a market cap of $1.614 billion and a P/E ratio of 28.28.
EPAM Systems (NASDAQ:EPAM) last announced its earnings results on Thursday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The company had revenue of $133.20 million for the quarter, compared to the consensus estimate of $132.04 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 28.3% on a year-over-year basis. On average, analysts predict that EPAM Systems will post $1.58 earnings per share for the current fiscal year.
EPAM Systems, Inc (NASDAQ:EPAM) is a global information technology (IT) services provider focused on software product development services, software engineering and vertically-oriented custom development solutions.
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