Check Point Software Given New $70.00 Price Target at FBN Securities (CHKP)
Equities researchers at FBN Securities increased their target price on shares of Check Point Software (NASDAQ:CHKP) from $65.00 to $70.00 in a research report issued on Monday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. FBN Securities’ price target would suggest a potential upside of 19.62% from the company’s current price.
A number of other firms have also recently commented on CHKP. Analysts at Gabelli initiated coverage on shares of Check Point Software in a research note to investors on Friday, October 18th. They set a “buy” rating and a $74.00 price target on the stock. Separately, analysts at Cowen and Company upgraded shares of Check Point Software from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, October 9th. They now have a $65.00 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Check Point Software from $60.00 to $62.00 in a research note to investors on Thursday, August 15th. They now have an “outperform” rating on the stock. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $64.78.
Shares of Check Point Software (NASDAQ:CHKP) traded down 0.12% on Monday, hitting $58.52. 715,111 shares of the company’s stock traded hands. Check Point Software has a 1-year low of $40.60 and a 1-year high of $59.49. The stock has a 50-day moving average of $57.28 and a 200-day moving average of $51.40. The company has a market cap of $11.407 billion and a P/E ratio of 18.69.
Check Point Software (NASDAQ:CHKP) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.01. The company had revenue of $344.10 million for the quarter, compared to the consensus estimate of $343.62 million. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts expect that Check Point Software will post $3.41 EPS for the current fiscal year.
Check Point Software Technologies Ltd. (NASDAQ:CHKP) develops technologies to communications and transactions over the Internet by enterprises and consumers.
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