Tangoe Price Target Cut to $19.00 by Analysts at BMO Capital Markets (TNGO)
Equities researchers at BMO Capital Markets decreased their price target on shares of Tangoe (NASDAQ:TNGO) from $23.00 to $19.00 in a research report issued on Thursday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 35.62% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Roth Capital reiterated a “buy” rating on shares of Tangoe in a research note on Thursday. They now have a $25.00 price target on the stock, down previously from $31.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Tangoe in a research note on Thursday, May 22nd. They now have a $22.00 price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Tangoe from $28.00 to $22.00 in a research note on Friday, May 9th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Tangoe has an average rating of “Buy” and a consensus price target of $22.00.
Shares of Tangoe (NASDAQ:TNGO) opened at 14.01 on Thursday. Tangoe has a 52-week low of $11.33 and a 52-week high of $26.05. The stock’s 50-day moving average is $14.33 and its 200-day moving average is $16.20. The company has a market cap of $541.9 million and a P/E ratio of 172.32.
Tangoe (NASDAQ:TNGO) last announced its earnings results on Wednesday, August 6th. The company reported $0.18 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.18. The company had revenue of $52.70 million for the quarter, compared to the consensus estimate of $52.90 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 13.6% on a year-over-year basis. On average, analysts predict that Tangoe will post $0.79 earnings per share for the current fiscal year.
Tangoe, Inc (NASDAQ:TNGO) is a global provider of communications lifecycle management (CLM), software and services to a range of enterprises, including large and medium-sized businesses and other organizations.
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