The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Outperform” rating given on Friday, March 24 by Credit Suisse. Guggenheim assumed coverage on shares of Adobe Systems in a research note on Wednesday, April 12th. Pivotal Research maintained it with “Buy” rating and $125 target in Wednesday, September 21 report. To make a proper assessment, investors seek a sound estimate of this year’s and next year’s earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. They noted that the move was a valuation call. Ubs Asset Mngmt Americas Inc invested 0.2% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Many traders and investors view the 52-week high or low as an important factor in determining a stock’s current value and predicting future price movement.
Among 36 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 7 Hold.
Whilst ADBE’s Return on Equity of 17.9% isn’t horrific, it means that the company has underperformed the Software industry average of 23.16%. About shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 6.00% since April 19, 2017 and is uptrending. 3,721,644 shares of the stock were exchanged.
ADBE has a 1-year high price of $ 138.39 and 1-year low price of $90.35. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Recently, shares of Mallinckrodt Public Limited Company (NYSE:MNK) have been seen trading -30.01% away from the 200-day moving average and -11.55% off the 50-day moving average. The software company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.07. Thus, a small amount of net income (the numerator) could still produce a high ROE off a modest equity base (the denominator). The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion.
Maximum and minimum EPS estimate for the current quarter is projected at $0.98 and $0.94, respectively, according to 29 analysts. Equities analysts forecast that Adobe Systems Incorporated will post $3.95 EPS for the current year.
ILLEGAL ACTIVITY WARNING: “Adobe Systems Incorporated (ADBE) Rating Reiterated by Stifel Nicolaus” was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this news story on another site, it was stolen and republished in violation of United States and worldwide copyright and trademark legislation. The correct version of this article can be read at https://www.chaffeybreeze.com/2017/05/18/adobe-systems-incorporated-adbe-now-covered-by-analysts-at-stifel-nicolaus-2-updated-updated-updated.html. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume.
Dekabank Deutsche Girozentrale decreased Jacobs Engr Group Inc Del (JEC) stake by 83.33% reported in 2016Q4 SEC filing. Also, EVP Ann Lewnes sold 2,233 shares of the stock in a transaction that occurred on Wednesday, March 22nd. 59,550 shares valued at $7.50 million were sold by GESCHKE CHARLES M on Monday, March 20. Following the completion of the sale, the executive vice president now owns 64,177 shares in the company, valued at $8,719,087.22. The disclosure for this sale can be found here. I will analyse the latest data and look at the future of this high growth company in more detail.
Earnings per share (EPS) is the portion of a company’s profit allocated to each outstanding share of common stock. 417.05 million shares or 0.67% less from 419.85 million shares in 2016Q3 were reported. Washington Trust Bank raised its stake in Adobe Systems by 13.8% in the first quarter. Investors measure stock performance on the basis of a company’s earnings power. Signature Estate & Investment Advisors LLC purchased a new stake in Adobe Systems during the first quarter valued at about $113,000. Finally, TCI Wealth Advisors Inc. raised its position in shares of Adobe Systems by 11.1% in the third quarter. Finally, Kernodle & Katon Asset Management Group LLC increased its position in Adobe Systems by 69.8% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 1,204 shares of the software company’s stock valued at $131,000 after buying an additional 495 shares in the last quarter.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company.
By historical standards, Adobe Systems Incorporated remains a cheap stock.