Polycom Given New $11.00 Price Target at BMO Capital Markets (PLCM)
BMO Capital Markets increased their target price on shares of Polycom (NASDAQ:PLCM) from $10.00 to $11.00 in a research note issued on Thursday, Stock Ratings Network reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 0.92% from the company’s current price.
Polycom (NASDAQ:PLCM) traded up 1.68% during mid-day trading on Thursday, hitting $10.90. The stock had a trading volume of 6,217,198 shares. Polycom has a 1-year low of $9.00 and a 1-year high of $12.03. The stock’s 50-day moving average is $10.05 and its 200-day moving average is $10.57. The company’s market cap is $1.849 billion.
Polycom (NASDAQ:PLCM) last released its earnings data on Wednesday, October 23rd. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $336.50 million for the quarter, compared to the consensus estimate of $336.40 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James upgraded shares of Polycom from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, September 12th. They now have a $12.50 price target on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Polycom in a research note to investors on Wednesday, August 21st. They now have a $11.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Polycom currently has an average rating of “Hold” and a consensus price target of $11.27.
Polycom, Inc is a provider of unified communications (NASDAQ:PLCM) solutions and a provider of telepresence, video, voice and infrastructure solutions based on open standards.
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