Informatica Downgraded to “Neutral” at Credit Suisse (INFA)
Informatica (NASDAQ:INFA) was downgraded by research analysts at Credit Suisse from an “outperform” rating to a “neutral” rating in a report released on Friday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Robert W. Baird downgraded shares of Informatica from an “outperform” rating to a “neutral” rating in a research note on Friday. They now have a $36.00 price target on the stock, down previously from $45.00. Separately, analysts at Mizuho cut their price target on shares of Informatica from $50.00 to $45.00 in a research note on Friday, July 18th. They now have a “neutral” rating on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Informatica from $42.00 to $40.00 in a research note on Monday, July 14th. They now have a “hold” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Informatica presently has an average rating of “Buy” and an average price target of $40.65.
Shares of Informatica (NASDAQ:INFA) opened at 30.65 on Friday. Informatica has a 52-week low of $29.87 and a 52-week high of $43.79. The stock has a 50-day moving average of $35.35 and a 200-day moving average of $37.96. The company has a market cap of $3.365 billion and a P/E ratio of 41.58.
Informatica (NASDAQ:INFA) last posted its quarterly 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. Analysts expect that Informatica will post $1.62 EPS 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 that occurred on Wednesday, July 23rd. The stock was sold at an average price of $34.53, for a total transaction of $207,180.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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.