FBR Capital Markets Increases Citrix Systems Price Target to $83.00 (CTXS)
Research analysts at FBR Capital Markets increased their price target on shares of Citrix Systems (NASDAQ:CTXS) from $76.00 to $83.00 in a report released on Thursday, Analyst Ratings Network reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ target price would suggest a potential upside of 48.03% from the company’s current price.
Shares of Citrix Systems (NASDAQ:CTXS) opened at 56.07 on Thursday. Citrix Systems has a 52-week low of $56.57 and a 52-week high of $82.61. The stock has a 50-day moving average of $71.9 and a 200-day moving average of $67.8. The company has a market cap of $10.507 billion and a P/E ratio of 33.57.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.69 by $0.01. The company had revenue of $712.70 million for the quarter, compared to the consensus estimate of $712.00 million. During the same quarter last year, the company posted $0.68 earnings per share. Citrix Systems’s revenue was up 11.1% compared to the same quarter last year. On average, analysts predict that Citrix Systems will post $3.01 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Citrix Systems in a research note to investors on Friday, October 18th. They now have a $82.00 price target on the stock, up previously from $80.00. Separately, analysts at Susquehanna cut their price target on shares of Citrix Systems from $85.00 to $78.00 in a research note to investors on Thursday, October 10th. They now have a “positive” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Citrix Systems from $84.00 to $78.00 in a research note to investors on Thursday, October 10th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. Citrix Systems has a consensus rating of “Buy” and an average target price of $77.22.
Citrix Systems, Inc designs, develops and markets technology solutions that enable information technology (NASDAQ:CTXS) services.
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