Citigroup set a $12.00 price target on Avaya (NYSE:AVYA) in a research report sent to investors on Monday, Stock Target Advisor reports. The firm currently has a hold rating on the stock.

A number of other equities research analysts also recently commented on the company. Zacks Investment Research upgraded Gerdau from a sell rating to a hold rating in a research report on Monday, May 13th. BWS Financial decreased their target price on Avaya from $32.00 to $22.00 and set a hold rating on the stock in a research report on Friday, May 10th. Northland Securities set a $50.00 target price on Polarityte and gave the stock a buy rating in a research report on Friday, May 10th. Finally, Guggenheim began coverage on Vonage in a research report on Monday, March 11th. They issued a neutral rating and a $10.00 target price on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Avaya presently has an average rating of Hold and an average price target of $19.44.

NYSE:AVYA opened at $11.00 on Monday. The company has a quick ratio of 1.31, a current ratio of 1.37 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $1.22 billion, a P/E ratio of 3.87 and a beta of 1.69. Avaya has a 12 month low of $10.90 and a 12 month high of $23.40. The stock has a 50-day moving average price of $12.12.

Avaya (NYSE:AVYA) last posted its earnings results on Thursday, May 9th. The company reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. The company had revenue of $714.00 million for the quarter, compared to the consensus estimate of $748.47 million. Avaya had a return on equity of 15.77% and a net margin of 6.12%. Avaya’s quarterly revenue was down 5.7% compared to the same quarter last year. Equities research analysts predict that Avaya will post 3.17 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio raised its position in Avaya by 57.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,363 shares of the company’s stock valued at $49,000 after purchasing an additional 1,232 shares during the period. NumerixS Investment Technologies Inc purchased a new stake in Avaya during the fourth quarter valued at approximately $144,000. Millennium Management LLC purchased a new stake in Avaya during the fourth quarter valued at approximately $152,000. Paloma Partners Management Co purchased a new stake in Avaya during the fourth quarter valued at approximately $154,000. Finally, ARP Americas LP purchased a new stake in Avaya during the first quarter valued at approximately $192,000. Institutional investors and hedge funds own 99.96% of the company’s stock.

Avaya Company Profile

Avaya Holdings Corp., through its subsidiaries, provides digital communications products, solutions, and services for businesses worldwide. The company operates through two segments, Products & Solutions, and Services. The Products & Solutions segment offers unified communications and contact center platforms, applications, and devices.

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Analyst Recommendations for Avaya (NYSE:AVYA)

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