Micros Systems PT Raised to $58.00 (MCRS)
Stock analysts at Wedbush increased their target price on shares of Micros Systems (NASDAQ:MCRS) from $57.00 to $58.00 in a report issued on Friday, American Banking and Market News reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price objective indicates a potential upside of 7.33% from the company’s current price.
Micros Systems (NASDAQ:MCRS) opened at 54.04 on Friday. Micros Systems has a 52 week low of $39.31 and a 52 week high of $53.21. The stock has a 50-day moving average of $49.21 and a 200-day moving average of $45.27. The company has a market cap of $4.140 billion and a price-to-earnings ratio of 24.43.
Micros Systems (NASDAQ:MCRS) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.50 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.50. The company had revenue of $314.70 million for the quarter, compared to the consensus estimate of $310.26 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. Analysts expect that Micros Systems will post $2.46 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Needham & Company raised their price target on shares of Micros Systems from $58.00 to $60.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Micros Systems in a research note to investors on Thursday, August 29th. They now have a $52.00 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Micros Systems from $50.00 to $55.00 in a research note to investors on Friday, August 23rd. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $54.13.
MICROS Systems, Inc (NASDAQ:MCRS) is a global designer, manufacturer, marketer, and servicer of enterprise information solutions for the global hospitality and retail industries.
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