Acxiom Upgraded by Wells Fargo & Co. to Outperform (ACXM)
Acxiom (NASDAQ:ACXM) was upgraded by investment analysts at Wells Fargo & Co. from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on ACXM. Analysts at BMO Capital Markets upgraded shares of Acxiom from an “underperform” rating to a “market perform” rating in a research note on Thursday, May 15th. They now have a $25.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Acxiom in a research note on Monday, May 5th. They now have a $30.00 price target on the stock. Finally, analysts at TheStreet downgraded shares of Acxiom from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Acxiom presently has an average rating of “Buy” and an average target price of $31.75.
Shares of Acxiom (NASDAQ:ACXM) opened at 21.505 on Tuesday. Acxiom has a 52-week low of $20.30 and a 52-week high of $39.30. The stock’s 50-day moving average is $29.28 and its 200-day moving average is $33.89. The company has a market cap of $1.641 billion and a P/E ratio of 173.19.
Acxiom (NASDAQ:ACXM) last announced its earnings results on Wednesday, May 14th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.04. The company had revenue of $277.00 million for the quarter, compared to the consensus estimate of $278.57 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. On average, analysts predict that Acxiom will post $0.76 earnings per share for the current fiscal year.
Acxiom Corporation (NASDAQ:ACXM) is an enterprise data, analytics and software-as-a-service company.
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