AVG Technologies NV Rating Reiterated by Nomura (AVG)
AVG Technologies NV (NYSE:AVG)‘s stock had its “buy” rating reaffirmed by equities research analysts at Nomura in a research note issued to investors on Thursday. They currently have a $24.00 price objective on the stock, down from their previous price objective of $25.00. Nomura’s price objective would suggest a potential upside of 40.76% from the company’s current price.
A number of other analysts have also recently weighed in on AVG. 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. Separately, 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $21.70.
AVG Technologies NV (NYSE:AVG) traded up 0.29% on Thursday, hitting $17.05. 705,657 shares of the company’s stock traded hands. AVG Technologies NV has a 1-year low of $15.19 and a 1-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 P/E ratio of 18.58.
AVG Technologies NV (NYSE:AVG) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, analysts predict that AVG Technologies NV will post $1.94 earnings per share for the current fiscal year.
AVG Technologies N.V. (NYSE:AVG), provides software and online services.
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