Aspen Technology Inc. Hits New 52-Week High at $42.67 (AZPN)
Shares of Aspen Technology (NASDAQ:AZPN) hit a new 52-week high during trading on Thursday, StockRatingsNetwork.com reports. The stock traded as high as $42.67 and last traded at $41.62, with a volume of 193,245 shares trading hands. The stock had previously closed at $42.17.
Several analysts have recently commented on the stock. Analysts at Cross Research downgraded shares of Aspen Technology from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, November 19th. Separately, analysts at Cowen and Company raised their price target on shares of Aspen Technology from $38.00 to $42.00 in a research note to investors on Friday, November 8th. They now have an “outperform” rating on the stock. Finally, analysts at UBS AG upgraded shares of Aspen Technology to a “buy” rating in a research note to investors on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Aspen Technology currently has a consensus rating of “Buy” and a consensus target price of $39.77.
Aspen Technology has a 1-year low of $26.55 and a 1-year high of $42.67. The stock has a 50-day moving average of $40.51 and a 200-day moving average of $35.51. The company has a market cap of $3.870 billion and a P/E ratio of 72.71.
Aspen Technology (NASDAQ:AZPN) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.04. The company had revenue of $87.57 million for the quarter, compared to the consensus estimate of $85.01 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. On average, analysts predict that Aspen Technology will post $0.72 earnings per share for the current fiscal year.
Aspen Technology, Inc, is a provider of process optimization software solutions. The Company’s aspenONE software and related services have been developed specifically for companies in the process industries, including the energy, chemicals, engineering and construction industries.
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