Autodesk Receives Consensus Rating of “Buy” from Analysts (NASDAQ:ADSK)
Autodesk (NASDAQ:ADSK) has been given a consensus recommendation of “Buy” by the seventeen ratings firms that are currently covering the stock, AnalystRatingsNetwork.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $59.31.
A number of analysts have recently weighed in on ADSK shares. Analysts at Zacks reiterated a “neutral” rating on shares of Autodesk in a research note on Monday, August 4th. They now have a $56.00 price target on the stock. Separately, analysts at Barclays upgraded shares of Autodesk from an “equal weight” rating to an “overweight” rating in a research note on Thursday, July 10th. They now have a $65.00 price target on the stock, up previously from $51.00. Finally, analysts at Robert W. Baird raised their price target on shares of Autodesk from $56.00 to $60.00 in a research note on Tuesday, July 1st.
Autodesk (NASDAQ:ADSK) opened at 53.91 on Tuesday. Autodesk has a 52-week low of $35.05 and a 52-week high of $58.68. The stock’s 50-day moving average is $55.57 and its 200-day moving average is $52.09. The company has a market cap of $12.284 billion and a price-to-earnings ratio of 61.01.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.11. The company had revenue of $593.00 million for the quarter, compared to the consensus estimate of $568.58 million. Analysts expect that Autodesk will post $1.18 EPS for the current fiscal year.
Autodesk, Inc (NASDAQ:ADSK) is a design software and services company, offering customers business solutions through technology products and services.
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