Autodesk Given New $60.00 Price Target at Robert W. Baird (ADSK)
Robert W. Baird upped their price objective on shares of Autodesk (NASDAQ:ADSK) from $56.00 to $60.00 in a research note issued on Tuesday. Robert W. Baird’s price target suggests a potential upside of 5.02% from the company’s current price.
A number of other firms have also recently commented on ADSK. Analysts at Cowen and Company raised their price target on shares of Autodesk from $52.00 to $58.00 in a research note on Tuesday. Separately, analysts at Canaccord Genuity raised their price target on shares of Autodesk from $60.00 to $65.00 in a research note on Friday, June 6th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Autodesk in a research note on Monday, May 19th. They now have a $54.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $58.08.
In other Autodesk news, CFO Mark J. Hawkins sold 8,816 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $55.71, for a total value of $491,139.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Autodesk (NASDAQ:ADSK) traded up 1.33% during mid-day trading on Tuesday, hitting $57.13. The stock had a trading volume of 2,329,946 shares. Autodesk has a 1-year low of $33.23 and a 1-year high of $58.68. The stock’s 50-day moving average is $53.50 and its 200-day moving average is $51.10. The company has a market cap of $13.018 billion and a price-to-earnings ratio of 64.14. Autodesk also was the recipient of a large growth in short interest in the month of June. As of June 13th, there was short interest totalling 3,599,030 shares, a growth of 33.2% from the May 30th total of 2,701,548 shares. Based on an average daily trading volume, of 1,620,865 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.6% of the company’s shares are sold short.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.11. The company had revenue of $593.00 million for the quarter, compared to the consensus estimate of $568.58 million. On average, analysts predict that Autodesk will post $1.18 earnings per share for the current fiscal year.
Autodesk, Inc (NASDAQ:ADSK) is a design software and services company, offering customers business solutions through technology products and services.
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.