Wells Fargo & Co. Initiates Coverage on Acxiom Corp. (ACXM)
Analysts at Wells Fargo & Co. began coverage on shares of Acxiom Corp. (NASDAQ:ACXM) in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
Shares of Acxiom Corp. (NASDAQ:ACXM) traded up 1.07% during mid-day trading on Thursday, hitting $36.79. The stock had a trading volume of 483,552 shares. Acxiom Corp. has a one year low of $17.54 and a one year high of $38.71. The stock’s 50-day moving average is $35.41 and its 200-day moving average is $31.33. The company has a market cap of $2.810 billion and a P/E ratio of 54.33.
Acxiom Corp. (NASDAQ:ACXM) last announced its earnings results on Wednesday, January 29th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.06. The company had revenue of $277.90 million for the quarter, compared to the consensus estimate of $273.63 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. Analysts expect that Acxiom Corp. will post $0.82 EPS for the current fiscal year.
A number of other firms have also recently commented on ACXM. Analysts at Zacks upgraded shares of Acxiom Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, February 4th. They now have a $38.00 price target on the stock. Analysts at Ned Davis Research upgraded shares of Acxiom Corp. from a “neutral” rating to a “buy” rating in a research note on Monday, December 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Acxiom Corp. has an average rating of “Hold” and an average target price of $33.75.
Acxiom Corporation (NASDAQ:ACXM) is engaged in providing marketing technology and services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.