Acxiom Rating Reiterated by Zacks (ACXM)
Acxiom (NASDAQ:ACXM)‘s stock had its “neutral” rating restated by Zacks in a note issued to investors on Monday. They currently have a $24.00 target price on the stock. Zacks‘s target price would suggest a potential upside of 6.67% from the company’s current price.
Zacks’ analyst wrote, “Acxiom reported healthy fourth quarter fiscal 2014 results as adjusted earnings exceeded the Zacks Consensus Estimate by $0.04. Over the years, Acxiom has emerged as a formidable player in the field of marketing services and technology. The company is focusing on its core businesses across key regions for augmenting long-term margins. Acxiom also aims to improve top-line growth while continuing to invest in product enhancements and connectivity. However, the company operates in a competitive landscape that is becoming more complex with low barriers to entry, adding to its operating risks. As such, we maintain our long-term Neutral recommendation for the stock.”
Several other analysts have also recently commented on the stock. Analysts at Wells Fargo & Co. upgraded shares of Acxiom from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 20th. Separately, 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. 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $30.25.
Shares of Acxiom (NASDAQ:ACXM) traded up 3.07% on Monday, hitting $22.50. The stock had a trading volume of 773,742 shares. 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 $27.97 and its 200-day moving average is $33.5. The company has a market cap of $1.717 billion and a price-to-earnings ratio of 183.45.
Acxiom (NASDAQ:ACXM) last announced its earnings results on Wednesday, May 14th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts predict that Acxiom will post $0.80 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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