Avaya (NYSE:AVYA) Given a $12.00 Price Target by Citigroup Analysts
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.
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.
Read More: Diluted Earnings Per Share
Receive News & Ratings for Avaya Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avaya and related companies with MarketBeat.com's FREE daily email newsletter.