Citrix Systems PT Lowered to $70.00 (CTXS)
Jefferies Group decreased their price target on shares of Citrix Systems (NASDAQ:CTXS) from $72.00 to $70.00 in a research note issued on Thursday, American Banking & Market News reports. Jefferies Group’s price target would suggest a potential upside of 31.36% from the stock’s previous close.
A number of other firms have also recently commented on CTXS. Analysts at BMO Capital Markets cut their price target on shares of Citrix Systems from $65.00 to $60.00 in a research note to investors on Thursday. Separately, analysts at Mizuho cut their price target on shares of Citrix Systems from $75.00 to $70.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Evercore Partners cut their price target on shares of Citrix Systems from $68.00 to $65.00 in a research note to investors on Thursday. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have issued a buy rating to the company. Citrix Systems currently has a consensus rating of “Hold” and an average target price of $70.12.
Citrix Systems (NASDAQ:CTXS) traded down 7.48% during mid-day trading on Thursday, hitting $53.29. The stock had a trading volume of 18,145,012 shares. Citrix Systems has a 1-year low of $54.52 and a 1-year high of $77.16. The stock’s 50-day moving average is $60.26 and its 200-day moving average is $64.46. The company has a market cap of $9.933 billion and a price-to-earnings ratio of 34.70.
Citrix Systems (NASDAQ:CTXS) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.98 by $0.06. The company had revenue of $802.00 million for the quarter, compared to the consensus estimate of $805.39 million. During the same quarter in the prior year, the company posted $0.90 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. On average, analysts predict that Citrix Systems will post $3.35 earnings per share for the current fiscal year.
Citrix Systems, Inc designs, develops and markets technology solutions that enable information technology (NASDAQ:CTXS) services.
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