Informatica Given “Buy” Rating at Stifel Nicolaus (INFA)
Informatica (NASDAQ:INFA)‘s stock had its “buy” rating reaffirmed by stock analysts at Stifel Nicolaus in a report issued on Friday. They currently have a $44.00 price target on the stock, down from their previous price target of $50.00. Stifel Nicolaus’ price target would suggest a potential upside of 43.56% from the company’s current price.
Informatica (NASDAQ:INFA) traded down 12.25% on Friday, hitting $30.65. 11,374,137 shares of the company’s stock traded hands. Informatica has a 52 week low of $32.92 and a 52 week high of $43.79. The stock’s 50-day moving average is $35.51 and its 200-day moving average is $38.03. The company has a market cap of $3.365 billion and a price-to-earnings ratio of 41.58.
Informatica (NASDAQ:INFA) last announced its earnings results on Thursday, July 24th. The company reported $0.35 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.35. The company had revenue of $250.71 million for the quarter, compared to the consensus estimate of $251.00 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. On average, analysts predict that Informatica will post $1.62 earnings per share for the current fiscal year.
In other Informatica news, CEO Sohaib Abbasi unloaded 6,000 shares of the company’s stock on the open market in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $34.53, for a total value of $207,180.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of other analysts have also recently weighed in on INFA. Analysts at JMP Securities reiterated a “market outperform” rating on shares of Informatica in a research note on Friday. They now have a $42.00 price target on the stock, down previously from $52.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Informatica in a research note on Friday. They now have a $32.00 price target on the stock, down previously from $40.00. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Informatica in a research note on Friday. They now have a $35.00 price target on the stock, down previously from $46.00. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $41.06.
Informatica Corporation (NASDAQ:INFA) is an independent provider of enterprise data integration and data quality software 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.