Compuware Corp.’s “Neutral” Rating Reaffirmed at Zacks (CPWR)
Compuware Corp. (NASDAQ:CPWR)‘s stock had its “neutral” rating restated by Zacks in a note issued to investors on Tuesday. They currently have a $10.00 price target on the stock. Zacks‘s target price would suggest a potential upside of 0.81% from the stock’s previous close.
Zacks’ analyst wrote, “Compuware reported unimpressive fourth-quarter 2014 results. Earnings per share were at par with the Zacks Consensus Estimate while revenues missed the same. Management also slashed its fiscal 2015 revenue guidance. We believe that the ongoing restructuring plan will benefit the company’s profitability, going forward. Moreover, the divestitures will help the company to focus on core business over the long term. Additionally, Compuware’s innovative product pipeline, initiatives to reduce costs and new program wins will boost profitability. However, overdependence on IBM for technology may rationalize growth prospects to a certain extent. Furthermore, the intensely competitive landscape is expected to remain a major headwind going forward. Thus, we reiterate our Neutral recommendation and set a price target of $10.00.”
Several other analysts have also recently commented on the stock. Analysts at Noble Financial reiterated a “buy” rating on shares of Compuware Corp. in a research note on Friday. They now have a $12.50 price target on the stock. Analysts at TheStreet upgraded shares of Compuware Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $11.67.
In other Compuware Corp. news, VP Siclen John Van sold 6,700 shares of Compuware Corp. stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $10.50, for a total transaction of $70,350.00. Following the sale, the vice president now directly owns 20,873 shares of the company’s stock, valued at approximately $219,167. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Compuware Corp. (NASDAQ:CPWR) traded down 0.40% during mid-day trading on Tuesday, hitting $9.88. The stock had a trading volume of 2,732,275 shares. Compuware Corp. has a 1-year low of $9.66 and a 1-year high of $11.72. The stock has a 50-day moving average of $10.29 and a 200-day moving average of $10.57. The company has a market cap of $2.158 billion and a price-to-earnings ratio of 30.52.
Compuware Corp. (NASDAQ:CPWR) last released its earnings data on Thursday, May 22nd. The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.02. The company had revenue of $183.40 million for the quarter, compared to the consensus estimate of $211.23 million. During the same quarter last year, the company posted ($0.30) earnings per share. Compuware Corp.’s revenue was down .5% compared to the same quarter last year. Analysts expect that Compuware Corp. will post $0.42 EPS for the current fiscal year.
Compuware Corporation provides software solutions (NASDAQ:CPWR) models), professional services and application services.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.