EPAM Systems PT Raised to $41.00 (EPAM)
Equities research analysts at Barclays increased their price objective on shares of EPAM Systems (NASDAQ:EPAM) from $38.00 to $41.00 in a research note issued to investors on Friday. Barclays’ price objective would indicate a potential downside of 6.80% from the company’s current price.
In other EPAM Systems news, CFO Anthony J. Conte unloaded 4,500 shares of the stock on the open market in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $41.73, for a total transaction of $187,785.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of EPAM Systems in a research note on Friday, May 2nd. They now have a $48.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.92.
Shares of EPAM Systems (NASDAQ:EPAM) opened at 43.99 on Friday. EPAM Systems has a 52 week low of $24.32 and a 52 week high of $46.70. The stock’s 50-day moving average is $36.42 and its 200-day moving average is $36.45. The company has a market cap of $2.067 billion and a P/E ratio of 31.34.
EPAM Systems (NASDAQ:EPAM) last announced its earnings results on Wednesday, April 30th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.06. The company had revenue of $160.40 million for the quarter, compared to the consensus estimate of $153.02 million. On average, analysts predict that EPAM Systems will post $1.98 earnings per share for the current fiscal year.
EPAM Systems, Inc (NASDAQ:EPAM) is a global information technology (IT) services provider focused on software product development services, software engineering and vertically-oriented custom development solutions.
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