Autodesk Rating Reiterated by Citigroup Inc. (ADSK)
Autodesk (NASDAQ:ADSK)‘s stock had its “sell” rating restated by investment analysts at Citigroup Inc. in a note issued to investors on Friday, Analyst Ratings News reports. They currently have a $37.00 price objective on the stock, up from their previous price objective of $36.00. Citigroup Inc.’s target price would indicate a potential downside of 22.63% from the company’s current price.
Autodesk (NASDAQ:ADSK) traded up 5.67% on Friday, hitting $50.53. 2,791,296 shares of the company’s stock traded hands. Autodesk has a one year low of $33.01 and a one year high of $58.68. The stock has a 50-day moving average of $47.70 and a 200-day moving average of $48.65. The company has a market cap of $11.480 billion and a price-to-earnings ratio of 47.82.
Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, May 15th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.11. The company had revenue of $593.00 million for the quarter, compared to the consensus estimate of $568.58 million. On average, analysts predict that Autodesk will post $1.15 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity upgraded shares of Autodesk from a “hold” rating to a “buy” rating in a research note on Wednesday. They now have a $60.00 price target on the stock, up previously from $52.00. Separately, analysts at Pacific Crest upgraded shares of Autodesk from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, May 6th. Finally, analysts at Pacific Crest upgraded shares of Autodesk from a “sector perform” rating to an “outperform” rating in a research note on Monday, April 28th. They now have a $60.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $55.07.
Autodesk, Inc (NASDAQ:ADSK) is a design software and services company, offering customers business solutions through technology products and services.
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