UBS AG Downgrades Check Point Software to Neutral (CHKP)
Check Point Software (NASDAQ:CHKP) was downgraded by equities research analysts at UBS AG from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. They currently have a $66.00 price target on the stock. UBS AG’s price target suggests a potential upside of 3.22% from the company’s current price.
A number of other analysts have also recently weighed in on CHKP. Analysts at BMO Capital Markets initiated coverage on shares of Check Point Software in a research note to investors on Thursday, December 19th. They set a “market perform” rating and a $67.00 price target on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of Check Point Software from a “hold” rating to a “buy” rating in a research note to investors on Monday, December 2nd. Finally, analysts at Barclays initiated coverage on shares of Check Point Software in a research note to investors on Thursday, November 21st. They set an “overweight” rating and a $75.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Check Point Software currently has a consensus rating of “Buy” and a consensus price target of $66.47.
Check Point Software (NASDAQ:CHKP) traded up 0.03% on Tuesday, hitting $63.94. 859,306 shares of the company’s stock traded hands. Check Point Software has a 1-year low of $44.41 and a 1-year high of $64.95. The stock has a 50-day moving average of $62.04 and a 200-day moving average of $58.. The company has a market cap of $12.464 billion and a price-to-earnings ratio of 20.40.
Check Point Software (NASDAQ:CHKP) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.01. The company had revenue of $344.10 million for the quarter, compared to the consensus estimate of $343.62 million. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts predict that Check Point Software will post $3.41 earnings per share for the current fiscal year.
Check Point Software Technologies Ltd. (NASDAQ:CHKP) develops technologies to communications and transactions over the Internet by enterprises and consumers.
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