Citrix Systems Price Target Cut to $75.00 by Analysts at Mizuho (CTXS)
Equities research analysts at Mizuho reduced their target price on shares of Citrix Systems (NASDAQ:CTXS) from $80.00 to $75.00 in a research note issued to investors on Thursday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Mizuho’s price target points to a potential upside of 27.66% from the stock’s previous close.
A number of other analysts have also recently weighed in on CTXS. Analysts at UBS AG raised their price target on shares of Citrix Systems from $77.00 to $78.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Separately, analysts at Barclays Capital upgraded shares of Citrix Systems from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday. They now have a $78.00 price target on the stock, up previously from $77.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Citrix Systems in a research note to investors on Thursday, September 19th. They now have a $79.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $77.96.
Shares of Citrix Systems (NASDAQ:CTXS) traded down 11.87% on Thursday, hitting $58.75. 15,449,285 shares of the company’s stock traded hands. 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 $71.44 and a 200-day moving average of $67.65. The company has a market cap of $11.009 billion and a P/E ratio of 39.92.
Citrix Systems (NASDAQ:CTXS) last released its earnings data on Wednesday, July 24th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. On average, analysts predict that Citrix Systems will post $3.09 earnings per share for the current fiscal year.
Citrix Systems, Inc designs, develops and markets technology solutions that enable information technology (NASDAQ:CTXS) services.
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