Solera Holdings Given Average Rating of “Hold” by Brokerages (NYSE:SLH)
Shares of Solera Holdings (NYSE:SLH) have been given a consensus recommendation of “Hold” by the ten brokerages that are currently covering the company, Stock Ratings News reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $69.11.
Shares of Solera Holdings (NYSE:SLH) opened at 65.38 on Tuesday. Solera Holdings has a 52-week low of $50.39 and a 52-week high of $71.15. The stock’s 50-day moving average is $66.25 and its 200-day moving average is $66.2. The company has a market cap of $4.498 billion and a P/E ratio of 5091.54.
Solera Holdings (NYSE:SLH) last announced its earnings results on Wednesday, May 7th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.02. The company had revenue of $262.40 million for the quarter, compared to the consensus estimate of $261.29 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. Analysts expect that Solera Holdings will post $2.86 EPS for the current fiscal year.
A number of research firms have recently commented on SLH. Analysts at Zacks downgraded shares of Solera Holdings from a “neutral” rating to an “underperform” rating in a research note on Monday, July 21st. They now have a $63.80 price target on the stock.
Solera Holdings, Inc is a provider of software and services to the automobile insurance claims processing industry.
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