NeuStar Given New $42.50 Price Target at B. Riley (NSR)
Equities research analysts at B. Riley cut their price target on shares of NeuStar (NYSE:NSR) from $53.00 to $42.50 in a research note issued to investors on Thursday, American Banking & Market News reports. The firm currently has a “neutral” rating on the stock. B. Riley’s target price indicates a potential downside of 7.99% from the stock’s previous close.
NeuStar (NYSE:NSR) traded up 1.74% on Thursday, hitting $46.19. The stock had a trading volume of 621,548 shares. NeuStar has a 1-year low of $35.24 and a 1-year high of $57.29. The stock has a 50-day moving average of $50.47 and a 200-day moving average of $48.93. The company has a market cap of $2.973 billion and a price-to-earnings ratio of 18.99.
NeuStar (NYSE:NSR) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.05. The company had revenue of $220.35 million for the quarter, compared to the consensus estimate of $219.38 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Analysts expect that NeuStar will post $3.49 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital downgraded shares of NeuStar from an “outperform” rating to a “sector perform” rating in a research note to investors on Tuesday, September 24th. They now have a $57.00 price target on the stock, up previously from $53.00. They noted that the move was a valuation call. Separately, analysts at William Blair upgraded shares of NeuStar from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, September 6th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $48.15.
NeuStar, Inc is a provider of real-time information and analysis. The Company operates in three segments: carrier services, enterprise services and information services.
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