Evercore Partners Upgrades SolarWinds to “Overweight” (SWI)
SolarWinds (NYSE:SWI) was upgraded by analysts at Evercore Partners from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The firm currently has a $45.00 target price on the stock, up from their previous target price of $38.00. Evercore Partners’ price objective would indicate a potential upside of 16.04% from the company’s current price.
A number of other firms have also recently commented on SWI. Analysts at Zacks downgraded shares of SolarWinds from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, December 31st. They now have a $35.80 price target on the stock. Separately, analysts at JMP Securities initiated coverage on shares of SolarWinds in a research note to investors on Thursday, December 19th. They set an “outperform” rating and a $43.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. SolarWinds presently has an average rating of “Hold” and an average target price of $41.59.
Shares of SolarWinds (NYSE:SWI) traded up 1.68% during mid-day trading on Monday, hitting $38.75. 1,383,853 shares of the company’s stock traded hands. SolarWinds has a 1-year low of $31.94 and a 1-year high of $61.52. The stock has a 50-day moving average of $34.68 and a 200-day moving average of $37.18. The company has a market cap of $2.912 billion and a price-to-earnings ratio of 32.03.
SolarWinds (NYSE:SWI) last announced its earnings results on Tuesday, October 29th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.05. The company had revenue of $87.90 million for the quarter, compared to the consensus estimate of $85.80 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 22.6% on a year-over-year basis. Analysts expect that SolarWinds will post $1.56 EPS for the current fiscal year.
SolarWinds, Inc (NYSE:SWI) designs, develops, markets, sells and supports enterprise information technology (IT), infrastructure management software to IT professionals in organizations of all sizes.
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