RBC Capital Increases Check Point Software Price Target to $70.00 (CHKP)
Research analysts at RBC Capital increased their price target on shares of Check Point Software (NASDAQ:CHKP) from $65.00 to $70.00 in a report released on Wednesday, Analyst Ratings News reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective indicates a potential upside of 6.17% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets raised their price target on shares of Check Point Software from $70.00 to $74.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at FBN Securities raised their price target on shares of Check Point Software from $70.00 to $80.00 in a research note to investors on Tuesday. Finally, analysts at Deutsche Bank initiated coverage on shares of Check Point Software in a research note to investors on Wednesday, January 22nd. They set a “hold” rating on the stock. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Check Point Software presently has a consensus rating of “Buy” and a consensus target price of $69.17.
Shares of Check Point Software (NASDAQ:CHKP) opened at 65.93 on Wednesday. Check Point Software has a 1-year low of $44.41 and a 1-year high of $67.25. The stock has a 50-day moving average of $63.48 and a 200-day moving average of $59.42. The company has a market cap of $12.852 billion and a P/E ratio of 20.27.
Check Point Software (NASDAQ:CHKP) last announced its earnings results on Tuesday, January 28th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.03. The company had revenue of $387.10 million for the quarter, compared to the consensus estimate of $383.43 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts expect that Check Point Software will post $3.41 EPS for the current fiscal year.
Check Point Software Technologies Ltd. (NASDAQ:CHKP) develops technologies to communications and transactions over the Internet by enterprises and consumers.
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