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Mentor Graphics Corp. (NASDAQ:MENT) has earned a consensus rating of “Buy” from the eight ratings firms that are covering the company, Analyst RN reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $25.15.

MENT has been the subject of a number of recent research reports. Analysts at Needham & Company LLC raised their price target on shares of Mentor Graphics Corp. from $25.00 to $26.00 in a research note on Monday, March 24th. Analysts at Ned Davis Research upgraded shares of Mentor Graphics Corp. from a “neutral” rating to a “buy” rating in a research note on Monday, March 3rd.

Shares of Mentor Graphics Corp. (NASDAQ:MENT) opened at 21.07 on Monday. Mentor Graphics Corp. has a 52 week low of $17.12 and a 52 week high of $24.31. The stock’s 50-day moving average is $21.86 and its 200-day moving average is $22.05. The company has a market cap of $2.431 billion and a price-to-earnings ratio of 16.31.

Mentor Graphics Corp. (NASDAQ:MENT) last released its earnings data on Thursday, February 27th. The company reported $0.92 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.91 by $0.01. The company had revenue of $401.00 million for the quarter, compared to the consensus estimate of $401.56 million. During the same quarter last year, the company posted $0.58 earnings per share. Mentor Graphics Corp.’s revenue was up 21.1% compared to the same quarter last year. Analysts expect that Mentor Graphics Corp. will post $1.75 EPS for the current fiscal year.

Mentor Graphics Corporation is a supplier of electronic design automation (NASDAQ:MENT) tools – computer software and emulation hardware systems used to automate the design, analysis, and testing of electro-mechanical systems, electronic hardware, and embedded systems software in electronic systems and components.

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