MICROS Systems Receives Consensus Recommendation of “Hold” from Brokerages (NASDAQ:MCRS)
Shares of MICROS Systems (NASDAQ:MCRS) have earned an average rating of “Hold” from the eight brokerages that are presently covering the stock, AnalystRatingsNetwork.com reports. Eight analysts have rated the stock with a hold rating, The average 12-month target price among brokerages that have covered the stock in the last year is $68.00.
MICROS Systems (NASDAQ:MCRS) traded up 0.01% during mid-day trading on Wednesday, hitting $67.87. The stock had a trading volume of 161,128 shares. MICROS Systems has a one year low of $47.80 and a one year high of $70.24. The stock has a 50-day moving average of $67.77 and a 200-day moving average of $58.42. The company has a market cap of $5.086 billion and a price-to-earnings ratio of 28.63.
MICROS Systems (NASDAQ:MCRS) last announced its earnings results on Thursday, August 21st. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.71 by $0.13. The company had revenue of $396.15 million for the quarter. Analysts expect that MICROS Systems will post $2.80 EPS for the current fiscal year.
MCRS has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of MICROS Systems in a research note on Tuesday. They now have a $71.00 price target on the stock. Separately, analysts at Northcoast Research downgraded shares of MICROS Systems from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 24th. Finally, analysts at Wedbush downgraded shares of MICROS Systems from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 24th.
MICROS Systems, Inc (NASDAQ:MCRS) is a global designer, manufacturer, marketer, and servicer of enterprise information solutions for the global hospitality and retail industries.
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