Cisco Systems, Inc. (CSCO) was reiterated an ‘Overweight’ by Barclays analysts on Thursday. The broker also raised its price target on the stock to $31 from $29.
On valuation measures, Cisco Systems Inc. shares currently have a PEG and forward P/E ratio of 1.41 and 11.53, respectively. Price/sales for the same period is 2.71, while EPS is $2.02. Currently there are 17 analysts that rate CSCO a ‘Buy’, 14 rate it a ‘Hold’. One analyst rates it a ‘Sell’. CSCO has a median Street price target of $30.00 with a high target of $37.00.
In the past 52 weeks, shares of San Jose, California-based company have traded between a low of $22.46 and a high of $29.77 and are now at $27.49.
Shares are down 7.18% year-over-year ; up 0.05% year-to-date.
salesforce.com, inc. (CRM) was reiterated as ‘Overweight’ with an $89 from $88 price target on Thursday by Barclays. The name’s PT was also increased to $93 from $85 at Stifel, to $101 from $93 at Wunderlich Securities, and to $100 from $90 at Mizuho.
Salesforce.com on Wednesday reported first-quarter 2016 results that came in above Wall Street’s consensus.
Shares of salesforce.com have gained $3.33 to $81.20 in midday trading on Thursday, giving it a market cap roughly of $55 billion. The stock traded as high as $82.90 in November 19, 2015.
Target Corp. (TGT) rating of ‘Underweight’ was reiterated today at Barclays with a price target decrease of $65 from $70 (versus a $68.00 previous close). Target was also lowered to $75 from $85 at Nomura, and to $88 from $91 at Telsey Advisory Group, noting they were disappointed by Target’s Q2 guidance.
Yesterday, Target reported first-quarter EPS of $1.29, compared to the consensus estimate of $1.19. Revenues decreased 5.4% from last year to $16.20 billion. Analysts expected revenues of $16.31 billion. Comparable store sales rose 1.2%, but missed Wall Street estimates of a 1.6% growth. The stock is currently down $1.11 to $66.89 on 7.71 million shares.
Shares of Urban Outfitters Inc. (URBN) are up $2.84, or 11.40%, to $27.42 in midday trading despite Wedbush lowering its 12-month base case estimate by 1 point to $30 following earnings. The mall-based retailer was also lowered to $28 from $30 at Mizuho, and to $32 from $38 at Stifel.
On Wednesday, Urban Outfitters reported first-quarter 2016 earnings of $762.58 million, up 3.2% year over year, or $0.25 per share. Analysts had been modeling $758.87 million and $0.25 per share.