Citrix Systems Given New $66.00 Price Target at RBC Capital (CTXS)
RBC Capital upped their target price on shares of Citrix Systems (NASDAQ:CTXS) from $63.00 to $66.00 in a research note issued on Monday, American Banking & Market News reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s target price would suggest a potential upside of 11.86% from the company’s current price.
In other Citrix Systems news, Director Stephen Dow unloaded 7,636 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $60.50, for a total transaction of $461,978.00. Following the completion of the transaction, the director now directly owns 6,364 shares in the company, valued at approximately $385,022. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Citrix Systems (NASDAQ:CTXS) traded down 0.41% during mid-day trading on Monday, hitting $59.00. 2,980,507 shares of the company’s stock traded hands. Citrix Systems has a 1-year low of $51.18 and a 1-year high of $77.16. The stock has a 50-day moving average of $58.13 and a 200-day moving average of $58.65. The company has a market cap of $10.955 billion and a price-to-earnings ratio of 33.24.
Citrix Systems (NASDAQ:CTXS) last released its earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.59 by $0.05. The company had revenue of $750.80 million for the quarter, compared to the consensus estimate of $732.17 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 11.6% on a year-over-year basis. On average, analysts predict that Citrix Systems will post $2.97 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Citrix Systems in a research note on Thursday, April 24th. They now have a $60.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Citrix Systems from $58.00 to $60.00 in a research note on Thursday, April 24th. They now have a “hold” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Citrix Systems from $64.00 to $68.00 in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nineteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $69.50.
Citrix Systems, Inc is a cloud computing company. The Company designs, develops and markets technology solutions that enable information technology (NASDAQ:CTXS) services.
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