Lionbridge Technologies Rating Lowered to Neutral at Zacks (LIOX)
Lionbridge Technologies (NASDAQ:LIOX) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Wednesday, StockRatingsNetwork.com reports. They currently have a $6.80 target price on the stock. Zacks‘ price target points to a potential upside of 14.09% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at B. Riley downgraded shares of Lionbridge Technologies from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, November 26th. They now have a $6.50 price target on the stock, up previously from $5.25. They noted that the move was a valuation call. Analysts at Noble Financial raised their price target on shares of Lionbridge Technologies from $5.00 to $6.00 in a research note to investors on Friday, November 1st. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $5.31.
Lionbridge Technologies (NASDAQ:LIOX) traded down 0.83% during mid-day trading on Wednesday, hitting $5.96. 213,711 shares of the company’s stock traded hands. Lionbridge Technologies has a 1-year low of $2.16 and a 1-year high of $6.40. The stock’s 50-day moving average is $5.81 and its 200-day moving average is $4.15. The company has a market cap of $354.8 million and a P/E ratio of 41.16.
Lionbridge Technologies (NASDAQ:LIOX) last announced its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.11. The company had revenue of $124.60 million for the quarter, compared to the consensus estimate of $118.80 million. During the same quarter last year, the company posted $0.11 earnings per share. Lionbridge Technologies’s revenue was up 11.2% compared to the same quarter last year. On average, analysts predict that Lionbridge Technologies will post $0.14 earnings per share for the current fiscal year.
Lionbridge Technologies, Inc (NASDAQ:LIOX), is a provider of language, content and testing solutions that enable clients to optimize, release, manage, test and maintain their technology applications and content in global markets.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.