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 highest price target was 68, which equates to a potential upside of 20.12 percent. The most pessimistic price target was 53, implying potential capital losses of -6.38 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
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. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.28 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 7.42 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the 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. Also over the last month, 1 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.
AZPN has an estimated earnings growth rate of -1.32 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. AZPN has a PEG ratio of -23.83.
In the last 52-weeks, AZPN has achieved a high of 64.34 and a low of 41.03. The current market price is above the trailing year's low by 37.97 percent, 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 will post this quarters earnings in days, on 0000-00-00.