Constant Contact PT Raised to $24.00 (CTCT)
Investment analysts at RBC Capital upped their target price on shares of Constant Contact (NASDAQ:CTCT) from $20.00 to $24.00 in a note issued to investors on Friday, American Banking and Market News reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective points to a potential downside of 11.70% from the stock’s previous close.
Constant Contact (NASDAQ:CTCT) traded up 18.07% during mid-day trading on Friday, hitting $27.18. The stock had a trading volume of 2,108,788 shares. 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 price-to-earnings 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 for the quarter, beating the analysts’ 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 last year, the company posted $0.20 earnings per share. Constant Contact’s revenue was up 12.8% compared to the same quarter last year. On average, analysts predict that Constant Contact will post $0.67 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Lazard Capital Markets raised their price target on shares of Constant Contact from $22.00 to $27.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price 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.
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