NetSuite Given Average Rating of “Buy” by Brokerages (NYSE:N)
NetSuite (NYSE:N) has earned an average recommendation of “Buy” from the nineteen brokerages that are currently covering the stock, American Banking & Market News reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $103.56.
NetSuite (NYSE:N) traded down 0.46% during mid-day trading on Thursday, hitting $88.2799. The stock had a trading volume of 28,013 shares. NetSuite has a one year low of $69.48 and a one year high of $120.77. The stock’s 50-day moving average is $83.68 and its 200-day moving average is $87.40. The company’s market cap is $6.746 billion.
NetSuite (NYSE:N) last released its earnings data on Thursday, July 24th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03. The company had revenue of $131.80 million for the quarter, compared to the consensus estimate of $131.84 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 30.5% on a year-over-year basis. Analysts expect that NetSuite will post $0.26 EPS for the current fiscal year.
In other NetSuite news, COO James Mcgeever unloaded 824 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $87.12, for a total value of $71,786.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on N. Analysts at DA Davidson initiated coverage on shares of NetSuite in a research note on Tuesday, August 26th. They set a “buy” rating and a $109.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of NetSuite in a research note on Friday, July 25th. They now have a $100.00 price target on the stock, up previously from $90.00. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of NetSuite in a research note on Friday, July 25th. They now have a $115.00 price target on the stock, down previously from $125.00.
NetSuite Inc (NYSE:N) is a provider of cloud-based financials / Enterprise Resource Planning (ERP) software suites.
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