Exa Corp (EXA) Receives Consensus Recommendation of “Hold” from Brokerages
Exa Corp (NASDAQ:EXA) has earned an average rating of “Hold” from the eight brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $24.25.
A number of equities research analysts have issued reports on EXA shares. Needham & Company LLC downgraded shares of EXA from a “buy” rating to a “hold” rating in a research report on Friday, September 29th. Zacks Investment Research raised shares of EXA from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Robert W. Baird downgraded shares of EXA from an “outperform” rating to a “neutral” rating in a research report on Thursday, September 28th. Canaccord Genuity reaffirmed a “hold” rating and issued a $24.25 price objective on shares of EXA in a research report on Thursday, September 28th. Finally, Stifel Nicolaus downgraded shares of EXA from a “buy” rating to a “hold” rating and upped their price objective for the stock from $17.00 to $24.25 in a research report on Thursday, September 28th.
Shares of EXA (NASDAQ EXA) opened at $24.24 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.06 and a quick ratio of 1.06. EXA has a fifty-two week low of $12.34 and a fifty-two week high of $24.42. The firm has a market cap of $363.92, a PE ratio of -78.19 and a beta of 0.63.
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Exa Corporation develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. The Company focuses primarily on the ground transportation market, including manufacturers in the passenger vehicle, highway truck, off-highway vehicle and train markets, as well as their suppliers.
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