Equities research analysts at Canaccord Genuity upped their price target on shares of ANSYS (NASDAQ: ANSS) from $75.00 to $85.00 in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock.
ANSS has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of ANSYS in a research note to investors on Friday. They now have a $75.00 price target on the stock, up previously from $65.00. Separately, analysts at Robert W. Baird raised their price target on shares of ANSYS from $74.00 to $80.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Benchmark Co. raised their price target on shares of ANSYS from $73.00 to $85.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock.
One analyst has rated the stock with a buy rating, two have assigned an overweight rating, and seven have assigned a hold rating to the company. ANSYS currently has a consensus rating of “hold” and an average target price of $71.25.
Shares of ANSYS traded up 1.16% during mid-day trading on Friday, hitting $76.68. ANSYS has a one year low of $55.45 and a one year high of $77.17. The stock’s 50-day moving average is currently $74.44. The company has a market cap of $7.103 billion and a P/E ratio of 36.98.
ANSYS last released its earnings data on Thursday, February 28th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.05. The company had revenue of $224.50 million for the quarter, compared to the consensus estimate of $219.31 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. ANSYS has set its Q1 guidance at $0.67-0.70 EPS and its FY13 guidance at $3.00-3.12 EPS. On average, analysts predict that ANSYS will post $3.07 earnings per share for the current fiscal year.
ANSYS, Inc. (ANSYS) develops and markets engineering simulation software and technologies widely used by engineers and designers across a spectrum of industries, including aerospace, automotive, manufacturing, electronics, biomedical, energy and defense.
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