Today's Brokerage Rating: Adobe Systems Incorporated (ADBE), Praxair, Inc. (PX)


Stock of Adobe Systems Incorporated (NASDAQ:ADBE) now have an ABR of 1.50.which is marked on a basic 1 to 5 scale, where 1 stands for a Strong Buy and 5 represents Strong Sell. AlphaOne also gave news articles about the software company an impact score of 81 out of 100, indicating that recent press coverage is very likely to have an impact on the stock's share price in the near term. Canaccord Genuity raised their price target on shares of Adobe Systems to $145.00 in a research report on Friday, March 17th. Finally, Zacks Investment Research cut Adobe Systems from a "hold" rating to a "sell" rating in a research report on Friday, December 2nd. Nine analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $133.63.

Shares of Adobe Systems Incorporated (NASDAQ:ADBE) traded up 0.32% during mid-day trading on Wednesday, reaching $130.22. The stock has a market cap of $56.90 billion, a price-to-earnings ratio of 49.64 and a beta of 1.06. The stock as of last trading session moved 43.67% up from its 52 week low and was -1.16% behind its 52 week high. The company's 50-day moving average is $126.07 and its 200-day moving average is $113.17.

Adobe Systems (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, March 16th. The software company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.07. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the company posted $0.66 EPS. The business's revenue for the quarter was up 21.6% on a year-over-year basis. On average, analysts predict that Adobe Systems Incorporated will post $3.95 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This report was reported by Transcript Daily and is the sole property of of Transcript Daily.

TRADEMARK VIOLATION NOTICE: "Adobe Systems (ADBE) Receiving Somewhat Favorable News Coverage, Study Finds" was first published by Markets Daily and is owned by of Markets Daily. The correct version of this report can be accessed at The consensus target price is $111.57 with 9 firms rating the stock a strong buy, 9 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, zero equity analysts rating the company a underperform, and lastly zero analysts rating the company a sell. The stock was sold at an average price of $113.08, for a total value of $1,180,555.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Ann Lewnes sold 2,233 shares of Adobe Systems stock in a transaction on Wednesday, April 12th. Following the transaction, the executive vice president now owns 47,482 shares of the company's stock, valued at $5,369,264.56. The disclosure for this sale can be found here. Norges Bank purchased a new stake in Adobe Systems during the fourth quarter valued at about $411,108,000. State Street Corp now owns 19,282,303 shares of the software company's stock valued at $1,985,114,000 after buying an additional 492,365 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in Adobe Systems during the fourth quarter valued at approximately $148,000. NA raised its position in Adobe Systems by 0.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 14,229,808 shares of the software company's stock valued at $1,544,503,000 after buying an additional 1,033,724 shares in the last quarter. Ltd. raised its position in shares of Adobe Systems by 837.1% in the fourth quarter. Ltd. now owns 908,431 shares of the software company's stock worth $93,575,000 after buying an additional 811,490 shares during the period.

Media headlines about Adobe Systems (NASDAQ:ADBE) have trended somewhat positive recently, according to AlphaOne Sentiment. Regentatlantic Capital LLC now owns 12,199 shares of the software company's stock worth $1,324,000 after buying an additional 39 shares during the last quarter.

Adobe Systems Incorporated (ADBE) now has a consensus Price Target of $143.39.



Related Posts

Ranking Uefa: l'Atletico Madrid ora è la seconda forza del calcio europeo
Dopo le gare di ritorno dei quarti di UEFA Champions League , la Juventus scende dalla prima alla terza posizione nel Ranking UEFA 2016/17.

FMI: la crescita va avanti
Stime superiori anche in questo caso a quelle del Def, e in base alle quali il pareggio di bilancio per l'Italia ci sarà nel 2022. L'economia dei Brics - Brasile, Russia, India, Cina e Sudafrica - continua a crescere, trainata dalla galoppata di Cina e India.

Penguins vs. Blue Jackets: Game 4 prediction
Dubinsky made amends, though, jumping on a rebound and banging it past Fleury at 15:11 to tie the score and force OT. In a season stacked with rookie phenoms, Werenski stands as one of the most deserving of a Calder Trophy nomination.

Pollard, Pandya shine as Mumbai Indians stun RCB
Krunal Pandya, who accompanied the man from the Caribbean, struck timely boundaries every now and then, and kept the fight alive. This was the 15 hat-trick taken in IPL history, the last of which was taken by Axar Patel against the Gujarat Lions a year ago .

Zuckerberg vows work to prevent next 'Facebook killer'
The gunman was delayed by staff at a branch in Erie County, Pennsylvania, who recognised Stephens and called the police. Steve Stephens was the centre of a huge police manhunt in the USA after the shooting of a pensioner in Cleveland.

Questions abound in death of former Florida Gator Aaron Hernandez
For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life. As the jury deliberated, cameras spied Hernandez blowing kisses to the young daughter he fathered with fiancee Shayanna Jenkins.

Tillerson accuses Iran of 'alarming provocations'
In July previous year , Trump told CNN that the Iranians "are laughing at the stupidity of the deal we're making on nuclear". He levelled the charge as the Trump administration launches a review of its policy towards Tehran.

Dortmund 'not up to it' in Monaco defeat, admits Tuchel
After such a long journey to reach the Champions League semifinals, Monaco has no fear of who it plays next. Monaco coach Leonardo Jardim promised his team would stay true to their offensive style in the semi-finals.

Canadiens coach defends Pacioretty, shrugs off hit on Price
He was going hard to the net. "In the second and third period we tried, but we weren't able to find the back of the net". The Rangers are 0-for-12 on the power play. "Obviously, we're here to protect Carey", Canadiens centre Steve Ott said.

Jurgen Klopp reveals he could end his managerial career at Liverpool
I understand the question but I can not give the answer probably a few people want but we think about it all the time". On reported interest in Joe Hart, Klopp: "Usually we don't talk about things like this".

© 2015 Vivere Milano. All Rights reserved.