Amdocs Limited Price Target Raised to $52.00 at RBC Capital (DOX)
Equities research analysts at RBC Capital upped their price target on shares of Amdocs Limited (NYSE:DOX) from $48.00 to $52.00 in a research note issued to investors on Wednesday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective would suggest a potential upside of 10.12% from the stock’s previous close.
Shares of Amdocs Limited (NYSE:DOX) traded down 1.16% during mid-day trading on Wednesday, hitting $46.68. 109,855 shares of the company’s stock traded hands. Amdocs Limited has a 1-year low of $36.39 and a 1-year high of $48.99. The stock has a 50-day moving average of $47.52 and a 200-day moving average of $45.95. The company has a market cap of $7.468 billion and a price-to-earnings ratio of 18.24.
Amdocs Limited (NYSE:DOX) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.79 by $0.02. The company had revenue of $902.50 million for the quarter, compared to the consensus estimate of $900.71 million. During the same quarter last year, the company posted $0.83 earnings per share. Amdocs Limited’s revenue was up 7.3% compared to the same quarter last year. Analysts expect that Amdocs Limited will post $3.17 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 17th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 1.31%.
A number of other analysts have also recently weighed in on DOX. Analysts at Wells Fargo & Co. downgraded shares of Amdocs Limited from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 18th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Amdocs Limited in a research note on Friday, May 16th. They now have a $49.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Amdocs Limited in a research note on Thursday, May 1st. They now have a $53.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $44.14.
Amdocs Limited is a provider of software and services for communications, media and entertainment industry service providers.
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