Constant Contact Receives Consensus Rating of “Buy” from Analysts (NASDAQ:CTCT)
Constant Contact (NASDAQ:CTCT) has been given an average rating of “Buy” by the thirteen ratings firms that are presently covering the stock, Analyst Ratings Network.com reports. Four investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $30.56.
Shares of Constant Contact (NASDAQ:CTCT) traded up 1.08% on Tuesday, hitting $26.10. 13,287 shares of the company’s stock traded hands. Constant Contact has a 1-year low of $11.75 and a 1-year high of $32.91. The stock has a 50-day moving average of $26.41 and a 200-day moving average of $26.97. The company has a market cap of $816.7 million and a price-to-earnings ratio of 112.26.
Constant Contact (NASDAQ:CTCT) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.03. The company had revenue of $74.90 million for the quarter, compared to the consensus estimate of $74.89 million. Analysts expect that Constant Contact will post $1.00 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Constant Contact from $29.00 to $30.00 in a research note on Wednesday, April 9th. Separately, analysts at Dougherty & Co upgraded shares of Constant Contact from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 9th. Finally, analysts at Zacks downgraded shares of Constant Contact from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. They now have a $30.20 price target on the stock.
Constant Contact, Inc (NASDAQ:CTCT) is a provider of on-demand engagement marketing tools that are designed for small organizations, including small businesses, associations and non-profits.
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