Informatica PT Lowered to $45.00 (INFA)
Stock analysts at Mizuho decreased their price objective on shares of Informatica (NASDAQ:INFA) from $50.00 to $45.00 in a report issued on Friday. The firm currently has a “neutral” rating on the stock. Mizuho’s price target would suggest a potential upside of 34.97% from the company’s current price.
Shares of Informatica (NASDAQ:INFA) opened at 33.34 on Friday. Informatica has a one year low of $33.31 and a one year high of $43.79. The stock has a 50-day moving average of $35.86 and a 200-day moving average of $38.2. The company has a market cap of $3.660 billion and a P/E ratio of 39.99.
Informatica (NASDAQ:INFA) last announced its earnings results on Thursday, April 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $243.10 million for the quarter, compared to the consensus estimate of $242.37 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts predict that Informatica will post $1.62 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of Informatica from $42.00 to $40.00 in a research note on Monday. They now have a “hold” rating on the stock. Separately, analysts at Evercore Partners upgraded shares of Informatica from an “equal weight” rating to an “overweight” rating in a research note on Monday. They now have a $43.00 price target on the stock. Finally, analysts at Goldman Sachs cut their price target on shares of Informatica from $44.00 to $39.00 in a research note on Thursday, May 22nd. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.33.
In other Informatica news, CEO Sohaib Abbasi unloaded 22,000 shares of the company’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $33.97, for a total value of $747,340.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Informatica Corporation (NASDAQ:INFA) is an independent provider of enterprise data integration and data quality software and services.
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