Jefferies Raises Price Target on Parametric Technology (PMTC)
Tweet
Share
E-mailGet Alerts PMTC Hot Sheet
Price: $32.38 -0.61%
Rating Summary:
6 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 20
Rating Summary:
6 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 20
Join SI Premium – FREE
Jefferies is reiterating its Buy rating on shares of Parametric Technology (NASDAQ: PMTC) and is raising its price target from $23 to $25.
The company reported solid Q4 results and guided its Q1 expectations inline with the Street's predictions. Management released its Q1 guidance with revenue and EPS of $305-$320 million and $0.28-$0.32. For FY12, the company is forecasting $1.33-$1.34 billion in sales with EPS of $1.48-$1.52.
An analyst at Jefferies comments, "The key debate will be whether the company can deliver on the organic 15% license embedded in guidance. If it can, the stock has plenty of opportunity to work. If it doesn't, mgmt still believes it can achieve 20% EPS growth which provides some comfort."
The firm raised its FY12 EPS and revenue estimates from $1.44 and $1.299 billion to $1.49 and $1.33 billion.
For more ratings news on Parametric Technology click here and for the rating history of Parametric Technology click here.
Shares of Parametric Technology closed at $21.28 yesterday.
The company reported solid Q4 results and guided its Q1 expectations inline with the Street's predictions. Management released its Q1 guidance with revenue and EPS of $305-$320 million and $0.28-$0.32. For FY12, the company is forecasting $1.33-$1.34 billion in sales with EPS of $1.48-$1.52.
An analyst at Jefferies comments, "The key debate will be whether the company can deliver on the organic 15% license embedded in guidance. If it can, the stock has plenty of opportunity to work. If it doesn't, mgmt still believes it can achieve 20% EPS growth which provides some comfort."
The firm raised its FY12 EPS and revenue estimates from $1.44 and $1.299 billion to $1.49 and $1.33 billion.
For more ratings news on Parametric Technology click here and for the rating history of Parametric Technology click here.
Shares of Parametric Technology closed at $21.28 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- RBC Capital Defends The Ensign Group Inc. (ENSG): 'Buyers on Monday's Selloff'
- Alkermes (ALKS) PT Raised to $56 at RBC Capital; 'Don't Sleep On The Pipeline'
- TFI International (TFII) PT Raised to $170 at BMO Capital
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
