Nuance Communications Upgraded by Zacks to Outperform (NUAN)
Nuance Communications (NASDAQ:NUAN) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday, Analyst Ratings.Net reports. The firm currently has a $16.70 price objective on the stock. Zacks‘ target price indicates a potential upside of 10.89% from the stock’s previous close.
Nuance Communications (NASDAQ:NUAN) traded up 0.60% on Tuesday, hitting $15.15. 2,130,332 shares of the company’s stock traded hands. Nuance Communications has a one year low of $13.00 and a one year high of $24.85. The stock has a 50-day moving average of $14.97 and a 200-day moving average of $17.12. The company’s market cap is $4.766 billion.
Nuance Communications (NASDAQ:NUAN) last announced its earnings results on Monday, November 25th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.01. The company had revenue of $472.20 million for the quarter, compared to the consensus estimate of $489.56 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. On average, analysts predict that Nuance Communications will post $1.09 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Nuance Communications in a research note to investors on Wednesday, January 22nd. Separately, analysts at Standpoint Research initiated coverage on shares of Nuance Communications in a research note to investors on Wednesday, November 27th. They set a “buy” rating and a $18.00 price target on the stock. Finally, analysts at UBS AG downgraded shares of Nuance Communications from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, November 26th. They now have a $14.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $20.23.
Nuance Communications, Inc is a provider of voice and language solutions for businesses and consumers globally.
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