Virtusa Corp Receives New Coverage from Analysts at Maxim Group (VRTU)
Analysts at Maxim Group assumed coverage on shares of Virtusa Corp (NASDAQ:VRTU) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $46.00 price target on the stock. Maxim Group’s price objective would suggest a potential upside of 35.85% from the company’s current price.
Separately, analysts at Noble Financial upgraded shares of Virtusa Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, August 6th. They now have a $39.00 price target on the stock. They noted that the move was a valuation call.
Virtusa Corp (NASDAQ:VRTU) opened at 33.92 on Friday. Virtusa Corp has a 1-year low of $25.01 and a 1-year high of $38.49. The stock has a 50-day moving average of $33.63 and a 200-day moving average of $34.39. The company has a market cap of $990.1 million and a price-to-earnings ratio of 26.29.
Virtusa Corp (NASDAQ:VRTU) last released its earnings data on Tuesday, August 5th. The company reported $0.31 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.31. The company had revenue of $112.27 million for the quarter, compared to the consensus estimate of $112.07 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 24.1% on a year-over-year basis. Analysts expect that Virtusa Corp will post $1.53 EPS for the current fiscal year.
In other Virtusa Corp news, EVP Thomas R. Holler sold 13,869 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $34.00, for a total transaction of $471,546.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Virtusa Corporation is an information technology services company. The Company uses an offshore delivery model to provide a broad range of information technology (NASDAQ:VRTU), services, including IT consulting, technology implementation and application outsourcing.
Receive News & Ratings for Virtusa Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtusa Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.