Imperial Capital Reiterates “In-Line” Rating for AVG Technologies NV (AVG)
AVG Technologies NV (NYSE:AVG)‘s stock had its “in-line” rating reaffirmed by Imperial Capital in a research note issued on Thursday. They currently have a $19.50 target price on the stock, down from their previous target price of $20.00. Imperial Capital’s price objective indicates a potential upside of 11.68% from the stock’s previous close.
A number of other firms have also recently commented on AVG. Analysts at JMP Securities cut their price target on shares of AVG Technologies NV from $28.00 to $26.00 in a research note on Thursday, July 31st. Separately, analysts at Nomura reiterated a “buy” rating on shares of AVG Technologies NV in a research note on Thursday, July 31st. They now have a $24.00 price target on the stock, down previously from $25.00. Finally, analysts at Goldman Sachs initiated coverage on shares of AVG Technologies NV in a research note on Wednesday, July 16th. They set a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. AVG Technologies NV presently has a consensus rating of “Buy” and an average target price of $21.60.
AVG Technologies NV (NYSE:AVG) opened at 17.46 on Thursday. AVG Technologies NV has a 1-year low of $15.19 and a 1-year high of $26.56. The stock’s 50-day moving average is $18.29 and its 200-day moving average is $19.39. The company has a market cap of $915.2 million and a P/E ratio of 19.04.
AVG Technologies NV (NYSE:AVG) last announced its earnings results on Wednesday, July 30th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $88.00 million for the quarter, compared to the consensus estimate of $91.44 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, analysts predict that AVG Technologies NV will post $1.94 earnings per share for the current fiscal year.
AVG Technologies N.V. (NYSE:AVG), provides software and online services.
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