Jefferies Group Increases Amdocs Price Target to $43.00 (DOX)
Research analysts at Jefferies Group upped their target price on shares of Amdocs (NYSE:DOX) from $40.00 to $43.00 in a report released on Monday, Stock Ratings News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price points to a potential upside of 2.28% from the stock’s previous close.
Amdocs (NYSE:DOX) traded down 2.82% on Monday, hitting $42.04. The stock had a trading volume of 1,125,746 shares. Amdocs has a 52 week low of $34.07 and a 52 week high of $44.40. The stock has a 50-day moving average of $41.63 and a 200-day moving average of $39.17. The company has a market cap of $6.712 billion and a P/E ratio of 16.96.
Amdocs (NYSE:DOX) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter 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 declared a quarterly dividend, which is scheduled for Thursday, April 17th. Shareholders of record on Monday, March 31st will be given a dividend of 0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 1.47%.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Amdocs from $40.00 to $44.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Amdocs has an average rating of “Buy” and a consensus target price of $43.25.
Amdocs Limited is a provider of software and services for communications, media and entertainment industry service providers.
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