Autodesk (ADSK) Posts Quarterly Results
Autodesk (NASDAQ:ADSK) released its earnings data on Thursday. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.06, Stock Ratings Network.com reports. The company had revenue of $637.10 million for the quarter, compared to the consensus estimate of $603.16 million.
Shares of Autodesk (NASDAQ:ADSK) traded up 0.88% on Thursday, hitting $56.28. 3,468,588 shares of the company’s stock traded hands. 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 $55.45 and its 200-day moving average is $52.16. The company has a market cap of $12.824 billion and a P/E ratio of 63.47.
Several analysts have recently commented on the stock. 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. On a related note, 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. Autodesk has a consensus rating of “Buy” and an average price target of $59.31.
Autodesk, Inc (NASDAQ:ADSK) is a design software and services company, offering customers business solutions through technology products and services.
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