Veeva Systems Rating Reiterated by Wells Fargo & Co. (VEEV)
Veeva Systems (NASDAQ:VEEV)‘s stock had its “buy” rating reaffirmed by research analysts at Wells Fargo & Co. in a report released on Wednesday, Analyst Ratings Network.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Veeva Systems in a research note to investors on Friday, December 6th. They now have a $45.00 price target on the stock, down previously from $46.00. Separately, analysts at Canaccord Genuity raised their price target on shares of Veeva Systems from $46.00 to $48.00 in a research note to investors on Friday, December 6th. They now have a “buy” rating on the stock. Finally, analysts at Pacific Crest initiated coverage on shares of Veeva Systems in a research note to investors on Monday, November 11th. They set an “outperform” rating and a $44.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Veeva Systems presently has an average rating of “Buy” and a consensus price target of $45.67.
Shares of Veeva Systems (NASDAQ:VEEV) traded down 4.30% during mid-day trading on Wednesday, hitting $32.29. 4,594,244 shares of the company’s stock traded hands. Veeva Systems has a 52 week low of $31.43 and a 52 week high of $49.00. The stock’s 50-day moving average is $35.78 and its 200-day moving average is $37.51. The company has a market cap of $4.024 billion and a P/E ratio of 212.20.
Veeva Systems (NASDAQ:VEEV) last released its earnings data on Thursday, December 5th. The company reported $0.05 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.05. The company had revenue of $55.00 million for the quarter, compared to the consensus estimate of $50.28 million. During the same quarter last year, the company posted $0.05 earnings per share. Veeva Systems’s revenue was up 53.6% compared to the same quarter last year. On average, analysts predict that Veeva Systems will post $0.23 earnings per share for the current fiscal year.
Veeva Systems Inc (NASDAQ:VEEV) which provides industry-specific, cloud-based software solutions for the life sciences industry.
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