PTC PT Raised to $31.00 (PMTC)
Jefferies Group upped their price target on shares of PTC (NASDAQ:PMTC) from $28.00 to $31.00 in a research note issued on Thursday, Analyst Ratings.Net reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target would suggest a potential downside of 4.85% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Evercore Partners raised their price target on shares of PTC from $30.00 to $34.50 in a research note to investors on Friday, November 15th. Analysts at Zacks downgraded shares of PTC from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, November 8th. They now have a $31.20 price target on the stock.
PTC (NASDAQ:PMTC) opened at 32.58 on Thursday. PTC has a 1-year low of $19.87 and a 1-year high of $32.99. The stock has a 50-day moving average of $29.84 and a 200-day moving average of $27.41.
PTC (NASDAQ:PMTC) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06. The company had revenue of $344.80 million for the quarter, compared to the consensus estimate of $335.00 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis.
PTC Inc, formerly Parametric Technology Corporation, develops, markets and supports solutions, which help companies design products, manage product information and improve their product development processes.
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