Constant Contact Given New $27.00 Price Target at Lazard Capital Markets (CTCT)
Lazard Capital Markets upped their target price on shares of Constant Contact (NASDAQ:CTCT) from $22.00 to $27.00 in a research note issued on Friday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Lazard Capital Markets’ target price suggests a potential downside of 0.66% from the stock’s previous close.
Constant Contact (NASDAQ:CTCT) traded up 18.07% during mid-day trading on Friday, hitting $27.18. 2,108,788 shares of the company’s stock traded hands. Constant Contact has a 52 week low of $11.50 and a 52 week high of $22.00. The stock’s 50-day moving average is $18.94 and its 200-day moving average is $15.82. The company has a market cap of $833.9 million and a P/E ratio of 56.56.
Constant Contact (NASDAQ:CTCT) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.05. The company had revenue of $72.04 million for the quarter, compared to the consensus estimate of $72.14 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts predict that Constant Contact will post $0.67 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets raised their price target on shares of Constant Contact from $18.00 to $22.00 in a research note to investors on Friday. They now have a “market perform” rating on the stock. Separately, analysts at Barrington Research raised their price target on shares of Constant Contact from $25.00 to $35.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Needham & Company upgraded shares of Constant Contact from a “hold” rating to a “buy” rating in a research note to investors on Friday. They now have a $29.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Constant Contact has an average rating of “Hold” and a consensus price target of $24.24.
Constant Contact, Inc (NASDAQ:CTCT) is a provider of on-demand engagement marketing tools that are designed for small organizations, including small businesses, associations and non-profits.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.