Blucora Price Target Lowered to $22.00 at Jefferies Group (BCOR)
Analysts at Jefferies Group lowered their target price on shares of Blucora (NASDAQ:BCOR) from $25.00 to $22.00 in a research report issued to clients and investors on Friday, Analyst Ratings Net reports. Jefferies Group’s target price suggests a potential upside of 13.23% from the stock’s previous close.
A number of other analysts have also recently weighed in on BCOR. Analysts at Benchmark Co. reiterated a “buy” rating on shares of Blucora in a research note on Friday. They now have a $29.00 price target on the stock. Analysts at Craig Hallum downgraded shares of Blucora from a “buy” rating to a “hold” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $29.48.
Blucora (NASDAQ:BCOR) traded down 9.88% on Friday, hitting $17.51. 3,469,640 shares of the company’s stock traded hands. Blucora has a one year low of $16.65 and a one year high of $30.12. The stock has a 50-day moving average of $19.12 and a 200-day moving average of $24.18. The company has a market cap of $738.7 million and a price-to-earnings ratio of 34.70.
Blucora (NASDAQ:BCOR) last announced its earnings results on Thursday, May 1st. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.03 by $0.09. The company had revenue of $216.20 million for the quarter, compared to the consensus estimate of $216.98 million. During the same quarter in the prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up 30.8% on a year-over-year basis. On average, analysts predict that Blucora will post $2.39 earnings per share for the current fiscal year.
Blucora, Inc, formerly InfoSpace, Inc, is a provider of online solutions for consumers and business partners.
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