Citrix Systems Given Average Recommendation of “Buy” by Brokerages (NASDAQ:CTXS)
Citrix Systems (NASDAQ:CTXS) has been given a consensus rating of “Buy” by the thirty-two brokerages that are currently covering the company, AnalystRatings.NET reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $69.97.
CTXS has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated an “overweight” rating on shares of Citrix Systems in a research note on Wednesday, May 7th. They now have a $66.00 price target on the stock, up previously from $63.00. Separately, analysts at RBC Capital raised their price target on shares of Citrix Systems from $63.00 to $66.00 in a research note on Tuesday, May 6th. Finally, analysts at Bernberg upgraded shares of Citrix Systems from a “sell” rating to a “buy” rating in a research note on Thursday, May 1st.
Citrix Systems (NASDAQ:CTXS) opened at 61.12 on Wednesday. Citrix Systems has a 52 week low of $51.18 and a 52 week high of $77.16. The stock has a 50-day moving average of $58.75 and a 200-day moving average of $59.0. The company has a market cap of $10.015 billion and a price-to-earnings ratio of 34.30.
Citrix Systems (NASDAQ:CTXS) last issued its quarterly 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 $3.09 earnings per share for the current fiscal year.
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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