Mentor Graphics Corp. (MENT) Stock Rating Upgraded by DA Davidson
Mentor Graphics Corp. (NASDAQ:MENT) was upgraded by investment analysts at DA Davidson from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday. The firm currently has a $32.00 price target on the stock, up from their previous price target of $24.00. DA Davidson’s price target indicates a potential upside of 20.89% from the company’s previous close. The analysts noted that the move was a valuation call.
MENT has been the subject of several other reports. Zacks Investment Research downgraded Mentor Graphics Corp. from a “hold” rating to a “sell” rating in a report on Thursday. Pacific Crest reissued a “hold” rating on shares of Mentor Graphics Corp. in a report on Thursday, August 18th. Finally, KeyCorp reissued a “hold” rating on shares of Mentor Graphics Corp. in a report on Tuesday, August 16th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Mentor Graphics Corp. presently has an average rating of “Hold” and an average target price of $27.33.
Mentor Graphics Corp. (NASDAQ:MENT) opened at 26.47 on Monday. The stock has a market cap of $2.86 billion, a P/E ratio of 46.03 and a beta of 0.86. Mentor Graphics Corp. has a 12 month low of $16.10 and a 12 month high of $28.09. The firm’s 50-day moving average price is $24.40 and its 200-day moving average price is $21.82.
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Mentor Graphics Corp. (NASDAQ:MENT) last posted its earnings results on Thursday, August 18th. The company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.06. Mentor Graphics Corp. had a return on equity of 6.15% and a net margin of 5.85%. The business earned $254.34 million during the quarter, compared to the consensus estimate of $245.17 million. During the same period in the previous year, the business earned $0.36 EPS. The business’s quarterly revenue was down 9.5% on a year-over-year basis. On average, analysts predict that Mentor Graphics Corp. will post $1.68 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 19th were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 0.83%. The ex-dividend date was Thursday, September 15th. Mentor Graphics Corp.’s payout ratio is 40.74%.
A number of institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its position in Mentor Graphics Corp. by 20.9% in the second quarter. Public Employees Retirement System of Ohio now owns 4,952 shares of the company’s stock valued at $105,000 after buying an additional 857 shares during the last quarter. Acrospire Investment Management LLC acquired a new position in Mentor Graphics Corp. during the first quarter valued at about $122,000. LS Investment Advisors LLC boosted its position in Mentor Graphics Corp. by 70.6% in the second quarter. LS Investment Advisors LLC now owns 5,938 shares of the company’s stock valued at $126,000 after buying an additional 2,457 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Mentor Graphics Corp. by 844.4% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 6,375 shares of the company’s stock valued at $136,000 after buying an additional 5,700 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in Mentor Graphics Corp. by 7,915.5% in the second quarter. Checchi Capital Advisers LLC now owns 8,256 shares of the company’s stock valued at $176,000 after buying an additional 8,153 shares during the last quarter. Institutional investors own 97.77% of the company’s stock.
About Mentor Graphics Corp.
Mentor Graphics Corporation is a supplier of electronic design automation (EDA) tools, which include computer software and emulation hardware systems used to automate the design, analysis and testing of complex electro-mechanical systems, electronic hardware and embedded systems software in electronic systems and components.
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