Autodesk (NASDAQ:ADSK) had its price target increased by investment analysts at Barclays from $295.00 to $324.00 in a research report issued on Wednesday, The Fly reports. The brokerage presently has an â€œoverweightâ€ rating on the software companyâ€™s stock. Barclaysâ€˜s target price indicates a potential upside of 7.39% from the stockâ€™s previous close.
ADSK has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Autodesk from $284.00 to $300.00 and gave the stock a â€œbuyâ€ rating in a research report on Monday, November 30th. Royal Bank of Canada raised their price objective on shares of Autodesk from $265.00 to $300.00 in a report on Wednesday, November 25th. Smith Barney Citigroup assumed coverage on shares of Autodesk in a research note on Tuesday, November 17th. They issued a â€œneutralâ€ rating and a $282.00 target price for the company. Credit Suisse Group increased their price target on Autodesk from $265.00 to $275.00 and gave the stock an â€œoutperformâ€ rating in a research report on Wednesday, November 25th. Finally, BidaskClub upgraded Autodesk from a â€œholdâ€ rating to a â€œbuyâ€ rating in a research report on Thursday, December 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the stock. The company presently has an average rating of â€œBuyâ€ and an average price target of $270.04.
ADSK stock opened at $301.70 on Wednesday. Autodesk has a 1-year low of $125.38 and a 1-year high of $307.83. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 23.62. The businessâ€™s 50 day moving average is $283.42 and its 200-day moving average is $250.68. The firm has a market cap of $66.34 billion, a P/E ratio of 157.14, a P/E/G ratio of 3.60 and a beta of 1.44.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Monday, November 23rd. The software company reported $1.04 EPS for the quarter, beating the Thomson Reutersâ€™ consensus estimate of $0.96 by $0.08. Autodesk had a negative return on equity of 1,423.72% and a net margin of 11.74%. The business had revenue of $952.40 million for the quarter, compared to analyst estimates of $940.00 million. During the same quarter in the previous year, the firm earned $0.78 EPS. Sell-side analysts forecast that Autodesk will post 2.42 EPS for the current year.
Several large investors have recently made changes to their positions in ADSK. Sun Life Financial INC bought a new stake in Autodesk in the third quarter valued at approximately $30,000. Pinnacle Bank raised its stake in Autodesk by 49.5% during the 3rd quarter. Pinnacle Bank now owns 136 shares of the software companyâ€™s stock worth $31,000 after buying an additional 45 shares during the period. CFM Wealth Partners LLC lifted its holdings in Autodesk by 45.2% during the second quarter. CFM Wealth Partners LLC now owns 196 shares of the software companyâ€™s stock worth $46,000 after acquiring an additional 61 shares in the last quarter. TFC Financial Management acquired a new position in Autodesk in the third quarter valued at about $46,000. Finally, Glassman Wealth Services grew its stake in Autodesk by 190.4% in the third quarter. Glassman Wealth Services now owns 212 shares of the software companyâ€™s stock valued at $49,000 after acquiring an additional 139 shares during the period. Institutional investors and hedge funds own 89.42% of the companyâ€™s stock.
Autodesk Company Profile
Autodesk, Inc operates as a software design and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a drafting and detailing software; BIM 360, a construction management cloud-based software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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