Check Point Software PT Raised to $69.00 (CHKP)
Stock analysts at Stifel Nicolaus boosted their price target on shares of Check Point Software (NASDAQ:CHKP) from $63.00 to $69.00 in a report issued on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 15.64% from the stock’s previous close.
Check Point Software (NASDAQ:CHKP) traded down 0.31% on Tuesday, hitting $59.485. 169,722 shares of the company’s stock traded hands. Check Point Software has a 52 week low of $42.31 and a 52 week high of $62.32. The stock’s 50-day moving average is $57.47 and its 200-day moving average is $52.92. The company has a market cap of $11.682 billion and a price-to-earnings ratio of 19.48.
Check Point Software (NASDAQ:CHKP) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.01. The company had revenue of $344.10 million for the quarter, compared to the consensus estimate of $343.62 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts expect that Check Point Software will post $3.41 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at MKM Partners raised their price target on shares of Check Point Software from $63.00 to $68.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at FBN Securities raised their price target on shares of Check Point Software from $65.00 to $70.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Finally, analysts at Gabelli initiated coverage on shares of Check Point Software in a research note to investors on Friday. They set a “buy” rating and a $74.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Check Point Software presently has a consensus rating of “Buy” and a consensus price target of $62.89.
Check Point Software Technologies Ltd. (NASDAQ:CHKP) develops technologies to communications and transactions over the Internet by enterprises and consumers.
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