Investment analysts at Wedbush boosted their target price on shares of ANSYS (NASDAQ: ANSS) from $74.00 to $76.00 in a note issued to investors on Monday. The firm currently has a “neutral” rating on the stock.
ANSYS traded up 0.72% on Monday, hitting $77.23. ANSYS has a 52-week low of $55.45 and a 52-week high of $77.17. The stock’s 50-day moving average is currently $74.44. The company has a market cap of $7.151 billion and a price-to-earnings ratio of 35.83.
ANSYS last issued its quarterly 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 previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter 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 $3.08 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies & Co. raised their price target on shares of ANSYS from $65.00 to $75.00 in a research note to investors on Monday. Separately, analysts at Canaccord Genuity raised their price target on shares of ANSYS from $75.00 to $85.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, 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.
Two analysts have rated the stock with a buy rating, two have given an overweight rating, and seven have issued a hold rating to the company’s stock. The company presently has a consensus rating of “overweight” and an average target price of $80.79.
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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