Check Point Software PT Raised to $73.00 at MKM Partners (CHKP)
Stock analysts at MKM Partners boosted their price objective on shares of Check Point Software (NASDAQ:CHKP) from $68.00 to $73.00 in a report issued on Tuesday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. MKM Partners’ target price indicates a potential upside of 12.12% from the stock’s previous close.
Check Point Software (NASDAQ:CHKP) traded up 2.86% on Tuesday, hitting $65.11. The stock had a trading volume of 1,148,658 shares. Check Point Software has a 52 week low of $44.41 and a 52 week high of $65.20. The stock’s 50-day moving average is $62.56 and its 200-day moving average is $58.56. The company has a market cap of $12.692 billion and a P/E ratio of 20.20.
Check Point Software (NASDAQ:CHKP) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.85 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that Check Point Software will post $3.41 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG downgraded shares of Check Point Software from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, January 7th. They now have a $66.00 price target on the stock. Separately, 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. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $67.67.
Check Point Software Technologies Ltd. (NASDAQ:CHKP) develops technologies to communications and transactions over the Internet by enterprises and consumers.
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.