Accelrys Downgraded by Zacks to “Neutral” (ACCL)
Accelrys (NASDAQ:ACCL) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Friday, AnalystRatingsNetwork reports. They currently have a $11.30 target price on the stock. Zacks‘ target price would indicate a potential upside of 7.93% from the stock’s previous close.
Shares of Accelrys (NASDAQ:ACCL) traded down 4.11% during mid-day trading on Friday, hitting $10.04. The stock had a trading volume of 171,109 shares. Accelrys has a 52-week low of $7.75 and a 52-week high of $10.59. The stock’s 50-day moving average is $9.5 and its 200-day moving average is $9.3. The company’s market cap is $558.9 million.
Accelrys (NASDAQ:ACCL) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.04. The company had revenue of $44.30 million for the quarter, compared to the consensus estimate of $43.85 million. Accelrys’s revenue was up 2.1% compared to the same quarter last year. Analysts expect that Accelrys will post $0.34 EPS for the current fiscal year.
Accelrys, Inc develops and commercializes scientific informatics software products and services for industries and organizations.
To view Zacks’ full report, visit www.zacks.com
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.