EPAM Systems Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:EPAM)
Shares of EPAM Systems (NASDAQ:EPAM) have received a consensus recommendation of “Buy” from the six ratings firms that are covering the stock, Analyst Ratings Network reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $43.00.
EPAM has been the subject of a number of recent research reports. Analysts at Monness Crespi & Hardt initiated coverage on shares of EPAM Systems in a research note on Monday. They set a “sell” rating and a $34.00 price target on the stock. Analysts at Barclays raised their price target on shares of EPAM Systems from $38.00 to $41.00 in a research note on Friday, June 6th. They now have an “equal weight” rating on the stock.
EPAM Systems (NASDAQ:EPAM) opened at 39.95 on Monday. EPAM Systems has a one year low of $29.44 and a one year high of $46.70. The stock’s 50-day moving average is $39.64 and its 200-day moving average is $38.36. The company has a market cap of $1.899 billion and a price-to-earnings ratio of 29.22.
EPAM Systems (NASDAQ:EPAM) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.05. The company had revenue of $174.70 million for the quarter, compared to the consensus estimate of $169.52 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 31.2% on a year-over-year basis. Analysts expect that EPAM Systems will post $2.07 EPS for the current fiscal year.
EPAM Systems, Inc (NASDAQ:EPAM) is a global information technology (IT) services provider focused on software product development services, software engineering and vertically-oriented custom development solutions.
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