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.
Investment analysts gave a few price targets for AZPN. The most optimistic analyst gave a price target of 68, implying a possible profit of 20.12 percent. The lowest price target was 53, which equates to a potential downside of -6.38 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 1.28 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 7.71 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0.28 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 7.42 percent.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 1 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. Over the same time period, 1 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
Analysts estimate earnings of AZPN to grow at a rate of -1.32 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. 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.
In the last 52-weeks, AZPN has achieved a high of 64.34 and a low of 41.03. Currently the stock is 37.97 percent higher than its low, and 12.01 percent lower than its 52-week high. AZPN has a price/earnings 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.