Amdocs PT Raised to $44.00 (DOX)
Equities research analysts at RBC Capital lifted their price objective on shares of Amdocs (NYSE:DOX) from $40.00 to $44.00 in a research note issued to investors on Friday, Analyst RN reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective points to a potential upside of 1.71% from the company’s current price.
A number of other analysts have also recently weighed in on DOX. Analysts at Oppenheimer upgraded shares of Amdocs from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $47.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Amdocs from $43.00 to $45.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $42.63.
Shares of Amdocs (NYSE:DOX) traded down 1.90% during mid-day trading on Friday, hitting $43.26. The stock had a trading volume of 1,562,299 shares. Amdocs has a 1-year low of $34.07 and a 1-year high of $44.40. The stock has a 50-day moving average of $41.58 and a 200-day moving average of $39.1. The company has a market cap of $6.920 billion and a P/E ratio of 17.43.
Amdocs (NYSE:DOX) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.01. The company had revenue of $864.00 million for the quarter, compared to the consensus estimate of $860.36 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. On average, analysts predict that Amdocs will post $3.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, April 17th. Shareholders of record on Monday, March 31st will be paid a dividend of 0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.43%.
Amdocs Limited is a provider of software and services for communications, media and entertainment industry service providers.
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