Amdocs Limited Receives Average Recommendation of “Buy” from Brokerages (NYSE:DOX)
Shares of Amdocs Limited (NYSE:DOX) have been given a consensus rating of “Buy” by the eight brokerages that are presently covering the stock, Analyst Ratings News reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $44.14.
Shares of Amdocs Limited (NYSE:DOX) opened at 45.31 on Wednesday. Amdocs Limited has a 52 week low of $36.39 and a 52 week high of $48.99. The stock has a 50-day moving average of $47.27 and a 200-day moving average of $45.98. The company has a market cap of $7.216 billion and a price-to-earnings ratio of 17.86.
Amdocs Limited (NYSE:DOX) last announced its earnings results on Tuesday, July 29th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. 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. Investors 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 1.37%.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Amdocs Limited from $48.00 to $52.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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.
Amdocs Limited is a provider of software and services for communications, media and entertainment industry service providers.
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