Rovi Corp. Price Target Raised to $22.00 at BMO Capital Markets (ROVI)
Analysts at BMO Capital Markets raised their target price on shares of Rovi Corp. (NASDAQ:ROVI) from $20.00 to $22.00 in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork.com reports. BMO Capital Markets’ price target would indicate a potential downside of 0.18% from the company’s current price.
A number of other analysts have also recently weighed in on ROVI. Analysts at Zacks upgraded shares of Rovi Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $20.70 price target on the stock. Separately, analysts at Pacific Crest upgraded shares of Rovi Corp. from an “underperform” rating to a “sector perform” rating in a research note to investors on Tuesday, November 12th. Finally, analysts at TheStreet downgraded shares of Rovi Corp. from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Rovi Corp. presently has a consensus rating of “Hold” and an average target price of $20.96.
Shares of Rovi Corp. (NASDAQ:ROVI) traded up 1.52% during mid-day trading on Thursday, hitting $22.04. 3,756,464 shares of the company’s stock traded hands. Rovi Corp. has a 1-year low of $16.00 and a 1-year high of $26.55. The stock has a 50-day moving average of $18.73 and a 200-day moving average of $19.32. The company’s market cap is $2.153 billion.
Rovi Corp. (NASDAQ:ROVI) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.48 by $0.07. The company had revenue of $143.00 million for the quarter, compared to the consensus estimate of $151.93 million. During the same quarter last year, the company posted $0.56 earnings per share. Rovi Corp.’s revenue was down 12.6% compared to the same quarter last year. Analysts expect that Rovi Corp. will post $1.84 EPS for the current fiscal year.
Rovi Corporation is focused on powering the discovery and enjoyment of digital entertainment by providing a set of integrated solutions that are embedded in its customers’ products and services and used by end consumers to simplify and guide their interaction with digital entertainment.
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.