Deutsche Bank Lowers Ixia Price Target to $16.00 (XXIA)
Investment analysts at Deutsche Bank decreased their target price on shares of Ixia (NASDAQ:XXIA) from $17.00 to $16.00 in a note issued to investors on Wednesday, American Banking and Market News reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price would suggest a potential upside of 9.89% from the stock’s previous close.
Ixia (NASDAQ:XXIA) traded down 0.69% on Wednesday, hitting $14.46. The stock had a trading volume of 495,507 shares. Ixia has a 52-week low of $13.00 and a 52-week high of $22.50. The stock has a 50-day moving average of $15.16 and a 200-day moving average of $16.83. The company has a market cap of $1.098 billion and a price-to-earnings ratio of 41.72.
Ixia (NASDAQ:XXIA) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.01. The company had revenue of $115.40 million for the quarter, compared to the consensus estimate of $114.97 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Analysts expect that Ixia will post $0.80 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Lazard Capital Markets reiterated a “neutral” rating on shares of Ixia in a research note to investors on Wednesday. Separately, analysts at Wunderlich downgraded shares of Ixia from a “buy” rating to a “hold” rating in a research note to investors on Friday, October 25th. They now have a $18.00 price target on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Ixia in a research note to investors on Friday, August 9th. They set a “buy” rating and a $15.60 price target on the stock. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Ixia currently has an average rating of “Hold” and an average price target of $18.09.
Ixia is a provider of converged Internet Protocol test systems and services for wireless and wired infrastructures and services.
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