Juniper Networks Price Target Increased to $26.00 by Analysts at Deutsche Bank (JNPR)
Stock analysts at Deutsche Bank increased their target price on shares of Juniper Networks (NYSE:JNPR) from $19.00 to $26.00 in a report issued on Friday, AnalystRatings.NET reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target suggests a potential downside of 0.04% from the company’s current price.
Juniper Networks (NYSE:JNPR) traded up 7.73% during mid-day trading on Friday, hitting $28.02. The stock had a trading volume of 29,405,336 shares. Juniper Networks has a 52 week low of $15.62 and a 52 week high of $26.52. The stock has a 50-day moving average of $22.85 and a 200-day moving average of $20.90. The company has a market cap of $14.150 billion and a P/E ratio of 35.01.
Juniper Networks (NYSE:JNPR) last released its earnings data on Thursday, January 23rd. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.06. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company posted $0.28 earnings per share. Juniper Networks’s revenue was up 11.7% compared to the same quarter last year. Analysts expect that Juniper Networks will post $1.23 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their EPS on shares of Juniper Networks in a research note to investors on Friday. They now have a “hold” rating and a $25.50 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Juniper Networks from $26.00 to $28.00 in a research note to investors on Friday. They now have a “sector perform” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Juniper Networks from $20.00 to $30.00 in a research note to investors on Friday. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $26.96.
Juniper Networks, Inc (NYSE:JNPR) designs, develops, and sells products and services that together provide its customers with network infrastructure.
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