Lionbridge Technologies Upgraded to “Outperform” at Zacks (LIOX)
Lionbridge Technologies (NASDAQ:LIOX) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Wednesday, StockRatingsNetwork reports. The firm currently has a $7.20 price objective on the stock. Zacks‘ price objective would indicate a potential upside of 8.27% from the stock’s previous close.
Lionbridge Technologies (NASDAQ:LIOX) traded down 3.19% on Wednesday, hitting $6.641. The stock had a trading volume of 1,636,011 shares. Lionbridge Technologies has a 1-year low of $2.16 and a 1-year high of $7.09. The stock has a 50-day moving average of $5.78 and a 200-day moving average of $4.59. The company has a market cap of $395.3 million and a price-to-earnings ratio of 46.99.
Lionbridge Technologies (NASDAQ:LIOX) last announced its earnings results on Tuesday, February 4th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.13. The company had revenue of $127.50 million for the quarter, compared to the consensus estimate of $121.70 million. During the same quarter last year, the company posted $0.10 earnings per share. Lionbridge Technologies’s revenue was up 12.0% compared to the same quarter last year. Analysts expect that Lionbridge Technologies will post $0.34 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferson Research upgraded shares of Lionbridge Technologies from a “hold” rating to a “buy” rating in a research note to investors on Friday, January 3rd. Analysts at B. Riley downgraded shares of Lionbridge Technologies from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, November 26th. They now have a $6.50 price target on the stock, up previously from $5.25. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $5.39.
Lionbridge Technologies, Inc (NASDAQ:LIOX), is a provider of language, content and testing solutions that enable clients to optimize, release, manage, test and maintain their technology applications and content in global markets.
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