DealerTrack Technologies Given New $56.00 Price Target at JPMorgan Chase & Co. (TRAK)
Equities researchers at JPMorgan Chase & Co. boosted their target price on shares of DealerTrack Technologies (NASDAQ:TRAK) from $53.00 to $56.00 in a research report issued on Tuesday. JPMorgan Chase & Co.’s target price indicates a potential upside of 43.30% from the stock’s previous close.
Separately, analysts at Macquarie upgraded shares of DealerTrack Technologies from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 20th. They now have a $60.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $57.25.
Shares of DealerTrack Technologies (NASDAQ:TRAK) opened at 39.08 on Tuesday. DealerTrack Technologies has a one year low of $36.43 and a one year high of $58.84. The stock’s 50-day moving average is $40.67 and its 200-day moving average is $45.00. The company’s market cap is $2.094 billion.
DealerTrack Technologies (NASDAQ:TRAK) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.04. The company had revenue of $224.80 million for the quarter, compared to the consensus estimate of $213.45 million. During the same quarter last year, the company posted $0.37 earnings per share. DealerTrack Technologies’s revenue was up 84.6% compared to the same quarter last year. Analysts expect that DealerTrack Technologies will post $1.48 EPS for the current fiscal year.
Dealertrack Technologies, Inc (NASDAQ:TRAK), is a holding company and conducts a substantial amounts of its business through its subsidiaries.
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