Adobe Systems Incorporated (NASDAQ:ADBE) Broker Price Targets For The Coming Week
- Author: Kyle Warner Dec 18, 2016,
Dec 18, 2016, 0:58
Sanford C. Bernstein reissued an outperform rating and issued a $124.00 price target on shares of Adobe Systems in a research note on Friday. "(ADBE) Receives Consensus Recommendation of "Buy" from Brokerages" was originally published by Sports Perspectives and is owned by of Sports Perspectives. Over the past 12 months, shares in Adobe have gained 12%. Recently shares have been suggested as BUY from 18 and 0 issued SELL signal for the company's stock.8 told as a HOLD the stock. Its stock also looks undervalued trading around 54 times to earnings compared with the industry average of 70 times. The stock's market capitalization is 51.49B, it has a 52-week low of 71.27 and a 52-week high of 111.09. Revenue grew to $1.61 billion from $1.31 billion. The stock has found resistance at its 50-day moving average for the last four trading sessions but has been building a flat base, with a buy point of 111.19, after touching a record high of 111.09 on October 24. LLC increased its stake in shares of Adobe Systems by 6.9% in the second quarter.
12/16/2016 - Adobe Systems Incorporated had its "overweight" rating reiterated by analysts at JP Morgan. Following the completion of the sale, the executive vice president now directly owns 30,993 shares in the company, valued at $3,398,072.52.
The company has a PEG ratio of 1.47. The stock has a 50 day moving average of $104.77 and a 200-day moving average of $101.96.
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Adobe Systems (NASDAQ:ADBE) has insider ownership of 0.43% and institutional ownership of 86.56%.
Company latest quarter ended on 31 Aug 2016. By comparison - and though we don't usually pay close attention to Wall Street's quarterly demands - analysts' consensus estimates called for higher fiscal Q1 revenue of $1.65 billion, and lower adjusted earnings of $0.85 per share. This compares to analysts' estimates of 85 cents per share on revenue of $1.65 billion.
A current consensus EPS estimate for next quarter is at $0.85 and 3 month ago EPS forecast was $0.85. Smithfield Trust Co. boosted its stake in shares of Adobe Systems by 465.6% in the third quarter. Adobe Systems had a net margin of 17.86% and a return on equity of 15.03%. "We continue to view Adobe as a compelling large-cap profitable growth story, and believe that the company will continue to generate leverage while executing on its long-term targets". The company's all businesses generated record-breaking performances in the final quarter a year ago. For the full 2017 fiscal year, analysts are looking for EPS of $3.83 on revenues of $7.07 billion. The Company offers products and services for professionals marketers application developers enterprises and consumers for creating managing delivering optimizing and engaging with content. Adobe markets and licenses its products and services through app stores and its Website www.adobe.com.