EPAM Systems PT Raised to $44.00 at UBS AG (EPAM)
UBS AG increased their price objective on shares of EPAM Systems (NASDAQ:EPAM) from $35.00 to $44.00 in a research note issued on Wednesday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s price target suggests a potential upside of 20.25% from the company’s current price.
A number of other firms have also recently commented on EPAM. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of EPAM Systems in a research note to investors on Monday, October 28th. They now have a $42.00 price target on the stock, up previously from $38.00. Separately, analysts at Needham & Company reiterated a “buy” rating on shares of EPAM Systems in a research note to investors on Thursday, October 3rd. They now have a $36.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of EPAM Systems from $34.00 to $40.00 in a research note to investors on Thursday, October 3rd. They now have an “overweight” rating on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $35.43.
Shares of EPAM Systems (NASDAQ:EPAM) traded down 2.35% during mid-day trading on Wednesday, hitting $36.59. The stock had a trading volume of 487,882 shares. EPAM Systems has a 1-year low of $17.70 and a 1-year high of $39.76. The stock has a 50-day moving average of $36.06 and a 200-day moving average of $29.19. The company has a market cap of $1.686 billion and a price-to-earnings ratio of 31.84.
EPAM Systems (NASDAQ:EPAM) last announced its earnings results on Thursday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The company had revenue of $133.20 million for the quarter, compared to the consensus estimate of $132.04 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 28.3% on a year-over-year basis. On average, analysts predict that EPAM Systems will post $1.61 earnings per share for the current fiscal year.
EPAM Systems, Inc (NASDAQ:EPAM) is a global information technology (IT) services provider focused on software product development services, software engineering and vertically-oriented custom development solutions.
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