BMO Capital Markets Boosts TiVo Price Target to $16.00 (TIVO)
Analysts at BMO Capital Markets increased their price target on shares of TiVo (NASDAQ:TIVO) from $15.00 to $16.00 in a research report issued to clients and investors on Wednesday. BMO Capital Markets’ price objective indicates a potential upside of 13.80% from the company’s current price.
TiVo (NASDAQ:TIVO) traded up 1.15% on Wednesday, hitting $14.06. The stock had a trading volume of 3,228,305 shares. TiVo has a 52-week low of $11.03 and a 52-week high of $14.25. The stock’s 50-day moving average is $13.49 and its 200-day moving average is $12.74. The company has a market cap of $1.615 billion and a P/E ratio of 6.63.
TiVo (NASDAQ:TIVO) last announced its earnings results on Tuesday, August 26th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.01. The company had revenue of $86.60 million for the quarter, compared to the consensus estimate of $87.72 million. During the same quarter in the prior year, the company posted $1.96 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. On average, analysts predict that TiVo will post $0.28 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on TIVO. Analysts at JPMorgan Chase & Co. raised their price target on shares of TiVo from $14.00 to $15.00 in a research note on Wednesday. Separately, analysts at National Alliance Securities raised their price target on shares of TiVo to $18.50 in a research note on Wednesday. Finally, analysts at MKM Partners raised their price target on shares of TiVo from $15.00 to $18.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $20.99.
TiVo Inc (NASDAQ:TIVO), a developer and provider of software and technology that enables the search, navigation, and access of content across sources, including linear television, on-demand television, and broadband video.
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