Acxiom’s “Market Perform” Rating Reaffirmed at BMO Capital Markets (ACXM)
Acxiom (NASDAQ:ACXM)‘s stock had its “market perform” rating reaffirmed by BMO Capital Markets in a research note issued on Tuesday. They currently have a $20.00 price objective on the stock, down from their previous price objective of $25.00. BMO Capital Markets’ price objective indicates a potential upside of 7.53% from the company’s current price.
Shares of Acxiom (NASDAQ:ACXM) traded down 5.81% during mid-day trading on Tuesday, hitting $17.52. The stock had a trading volume of 2,200,050 shares. Acxiom has a one year low of $17.88 and a one year high of $39.30. The stock’s 50-day moving average is $20.43 and its 200-day moving average is $28.48. The company has a market cap of $1.348 billion and a price-to-earnings ratio of 156.30.
Acxiom (NASDAQ:ACXM) last announced its earnings results on Monday, August 4th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.19 by $0.06. The company had revenue of $242.20 million for the quarter, compared to the consensus estimate of $246.26 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. On average, analysts predict that Acxiom will post $0.79 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Acxiom from a “neutral” rating to an “underperform” rating in a research note on Tuesday. They now have a $17.00 price target on the stock. Finally, analysts at Wells Fargo & Co. upgraded shares of Acxiom from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Acxiom presently has a consensus rating of “Hold” and a consensus target price of $27.25.
Acxiom Corporation (NASDAQ:ACXM) is an enterprise data, analytics and software-as-a-service company.
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