Solera Holdings Upgraded to “Neutral” at Zacks (SLH)
Solera Holdings (NYSE:SLH) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Thursday, AR Network reports. The firm currently has a $53.90 target price on the stock. Zacks‘ price target suggests a potential upside of 1.93% from the stock’s previous close.
A number of other analysts have also recently weighed in on SLH. Analysts at SunTrust reiterated a “buy” rating on shares of Solera Holdings in a research note to investors on Tuesday. They now have a $70.00 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of Solera Holdings from $59.00 to $61.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of Solera Holdings from $60.00 to $53.00 in a research note to investors on Friday, August 23rd. They now have a “market perform” rating on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $59.58.
Solera Holdings (NYSE:SLH) traded up 2.17% during mid-day trading on Thursday, hitting $54.03. The stock had a trading volume of 130,157 shares. Solera Holdings has a 1-year low of $44.87 and a 1-year high of $59.82. The stock has a 50-day moving average of $52.94 and a 200-day moving average of $54.95. The company has a market cap of $3.718 billion and a price-to-earnings ratio of 39.26.
Solera Holdings (NYSE:SLH) last announced its earnings results on Thursday, August 22nd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.02. The company had revenue of $218.53 million for the quarter, compared to the consensus estimate of $215.64 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts expect that Solera Holdings will post $2.45 EPS for the current fiscal year.
Solera Holdings, Inc is a provider of software and services to the automobile insurance claims processing industry.
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