Endava PLC – (NYSE:DAVA) has been given a consensus recommendation of “Hold” by the seven brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $27.80.
A number of equities analysts have recently commented on the company. Cowen assumed coverage on Endava in a report on Tuesday, August 21st. They issued an “outperform” rating and a $27.00 price target for the company. Morgan Stanley assumed coverage on Endava in a report on Tuesday, August 21st. They issued a “weight” rating and a $29.00 price target for the company. Deutsche Bank assumed coverage on Endava in a report on Wednesday, August 22nd. They issued a “hold” rating and a $29.00 price target for the company. Zacks Investment Research lowered Endava from a “hold” rating to a “sell” rating in a report on Thursday, November 15th. Finally, Citigroup assumed coverage on Endava in a report on Tuesday, August 21st. They issued a “neutral” rating and a $30.00 price target for the company.
Shares of NYSE DAVA opened at $24.80 on Friday. Endava has a 1-year low of $21.13 and a 1-year high of $31.50.
Endava (NYSE:DAVA) last posted its quarterly earnings results on Thursday, November 29th. The company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.08. The company had revenue of $66.40 million during the quarter, compared to the consensus estimate of $62.26 million. The firm’s quarterly revenue was up 39.8% compared to the same quarter last year. Analysts predict that Endava will post 0.72 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of DAVA. Wells Fargo & Company MN bought a new position in shares of Endava in the third quarter worth $5,996,000. Pendal Group Ltd bought a new stake in Endava during the third quarter valued at $333,000. AXA bought a new stake in Endava during the third quarter valued at $3,144,000. BlackRock Inc. bought a new stake in Endava during the third quarter valued at $14,213,000. Finally, FMR LLC bought a new stake in Endava during the third quarter valued at $23,755,000. 5.30% of the stock is owned by hedge funds and other institutional investors.
Endava Company Profile
Endava plc provides IT service to finance, insurance and healthcare, retail and consumer goods, telecommunications, media, and technology industries in the United Kingdom. It offers architecture solutions; AI and Intelligent Automation, bots and natural language interfaces, and Robotic Process Automation; software engineering; testing solutions; cloud services; and application management services.
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