West Corp’s Buy Rating Reaffirmed at Deutsche Bank (WSTC)
West Corp (NASDAQ:WSTC)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Monday. They currently have a $31.00 target price on the stock, up from their previous target price of $27.00. Deutsche Bank’s target price points to a potential upside of 15.67% from the stock’s previous close.
Shares of West Corp (NASDAQ:WSTC) traded up 0.19% on Monday, hitting $26.85. The stock had a trading volume of 79,004 shares. West Corp has a 52-week low of $21.16 and a 52-week high of $27.99. The stock’s 50-day moving average is $26.86 and its 200-day moving average is $25.27. The company has a market cap of $2.254 billion and a price-to-earnings ratio of 12.03.
West Corp (NASDAQ:WSTC) last announced its earnings results on Thursday, July 31st. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.70 by $0.03. The company had revenue of $691.10 million for the quarter, compared to the consensus estimate of $681.88 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts predict that West Corp will post $2.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, August 26th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Thursday, August 7th.
WSTC has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of West Corp in a research note on Monday. They now have a $31.00 price target on the stock, up previously from $28.00. Separately, analysts at Zacks upgraded shares of West Corp from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 8th. They now have a $29.90 price target on the stock. Finally, analysts at Evercore Partners raised their price target on shares of West Corp from $28.00 to $33.00 in a research note on Tuesday, July 1st. They now have an “overweight” rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. West Corp presently has a consensus rating of “Buy” and an average target price of $30.11.
West Corporation is a provider of technology-driven, communication services. The Company offers a broad portfolio of services, including conferencing and collaboration, unified communications, alerts and notifications, emergency communications, business process outsourcing and telephony / interconnect services.
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