Citrix Systems Price Target Cut to $73.00 (CTXS)
Goldman Sachs Group Inc. reduced their target price on shares of Citrix Systems (NASDAQ:CTXS) from $76.00 to $73.00 in a research note issued on Thursday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Goldman Sachs Group Inc.’s price target points to a potential upside of 25.91% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Citrix Systems in a research note to investors on Thursday. They now have a $56.00 price target on the stock. Separately, analysts at Susquehanna downgraded shares of Citrix Systems from a “positive” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $64.00 price target on the stock, down previously from $78.00. Finally, analysts at FBR Capital Markets raised their price target on shares of Citrix Systems from $76.00 to $83.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $75.78.
Citrix Systems (NASDAQ:CTXS) traded down 1.38% during mid-day trading on Thursday, hitting $57.98. 3,382,291 shares of the company’s stock traded hands. Citrix Systems has a 52-week low of $56.57 and a 52-week high of $82.61. The stock’s 50-day moving average is $71.9 and its 200-day moving average is $67.8. The company has a market cap of $10.864 billion and a price-to-earnings ratio of 35.20.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. Analysts expect that Citrix Systems will post $2.96 EPS for the current fiscal year.
Citrix Systems, Inc designs, develops and markets technology solutions that enable information technology (NASDAQ:CTXS) services.
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