Citrix Systems Given New $78.00 Price Target at Jefferies Group (CTXS)
Jefferies Group lowered their price target on shares of Citrix Systems (NASDAQ:CTXS) from $84.00 to $78.00 in a research note issued on Thursday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target suggests a potential upside of 32.77% from the company’s current price.
Shares of Citrix Systems (NASDAQ:CTXS) traded down 11.87% on Thursday, hitting $58.75. The stock had a trading volume of 15,449,285 shares. Citrix Systems has a 52-week low of $56.57 and a 52-week high of $77.16. The stock has a 50-day moving average of $71.81 and a 200-day moving average of $67.71. The company has a market cap of $11.009 billion and a P/E ratio of 39.92.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.03. The company had revenue of $730.00 million for the quarter, compared to the consensus estimate of $710.19 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue was up 18.7% on a year-over-year basis. Analysts expect that Citrix Systems will post $3.09 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CTXS. Analysts at FBN Securities cut their price target on shares of Citrix Systems from $80.00 to $70.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Cowen and Company cut their price target on shares of Citrix Systems from $85.00 to $79.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Credit Agricole cut their price target on shares of Citrix Systems from $78.00 to $68.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $77.96.
Citrix Systems, Inc designs, develops and markets technology solutions that enable information technology (NASDAQ:CTXS) services.
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