Analyst Ratings for Aspen Technology Inc. (AZPN)Updated: 2017-07-28
Aspen Technology Inc. (NASDAQ:AZPN) was awarded an average rating of Hold from investment analysts following the stock. AZPN had previously received a consensus rating of Hold a month ago.
Of the 7 analysts covering the stock, 2 gave it a buy rating, 0 gave an overweight rating, 4 gave a hold rating, 0 gave an underweight rating, and 1 issued a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 0.
Several price targets were given for AZPN by the analysts covering the stock. The maximum price target given was 68, which equates to a potential upside of 20.12 percent. The most pessimistic price target was 53, which equates to a potential downside of -6.38 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 1.28 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 7.71 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.28 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 7.42 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 1 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 1 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
AZPN has an estimated earnings growth rate of -1.32 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of AZPN is -23.83.
AZPN has traded between a high of 64.34 and a low of 41.03 over the past year. The current market price is above the trailing year's low by 37.97 percent, and 12.01 percent below the high. AZPN has a P/E ratio of 31.45. Investors typically compare the P/E ratio to a company's peers in the industry. The AZPN value stock report compares AZPN to some of its peers using value stock charts. The stock has a market capitalization of $4.22 billion. AZPN's next earnings release will be on 0000-00-00, which is days away.