AVG Technologies NV Price Target Cut to $26.00 (AVG)
Stock analysts at JMP Securities dropped their price target on shares of AVG Technologies NV (NYSE:AVG) from $28.00 to $26.00 in a report issued on Thursday. JMP Securities’ price target would indicate a potential upside of 52.49% from the company’s current price.
Shares of AVG Technologies NV (NYSE:AVG) traded up 0.29% during mid-day trading on Thursday, hitting $17.05. The stock had a trading volume of 705,657 shares. AVG Technologies NV has a one year low of $15.19 and a one year high of $26.56. The stock has a 50-day moving average of $19.81 and a 200-day moving average of $19.22. The company has a market cap of $893.7 million and a price-to-earnings ratio of 18.58.
AVG Technologies NV (NYSE:AVG) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.47 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.47. The company had revenue of $88.00 million for the quarter, compared to the consensus estimate of $91.44 million. During the same quarter last year, the company posted $0.54 earnings per share. AVG Technologies NV’s revenue was down 12.4% compared to the same quarter last year. Analysts expect that AVG Technologies NV will post $1.94 EPS for the current fiscal year.
A number of other firms have also recently commented on AVG. Analysts at Nomura reiterated a “buy” rating on shares of AVG Technologies NV in a research note on Thursday. They now have a $24.00 price target on the stock, down previously from $25.00. Separately, analysts at Imperial Capital cut their price target on shares of AVG Technologies NV from $21.00 to $20.00 in a research note on Thursday. They now have an “in-line” rating on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of AVG Technologies NV in a research note on Wednesday, July 16th. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.70.
AVG Technologies N.V. (NYSE:AVG), provides software and online 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.