Analyst Rating Update on Autodesk (ADSK)

Autodesk (NASDAQ:ADSK) has an average broker rating of 2.21, which is interpreted as a Buy, as rated by 14 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Autodesk (NASDAQ:ADSK) : Average target price received by Autodesk (NASDAQ:ADSK) is $61.08 with an expected standard deviation of $11.44. The most aggressive target on the stock is $81, whereas the most downbeat target is $42. 13 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm UBS maintains its rating on Autodesk (NASDAQ:ADSK). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at UBS raises the price target from $53 per share to $58 per share. The rating by the firm was issued on May 16, 2016.

Autodesk (NASDAQ:ADSK): stock turned positive on Tuesday. Though the stock opened at $51.12, the bulls momentum made the stock top out at $51.96 level for the day. The stock recorded a low of $50.42 and closed the trading day at $51.48, in the green by 1.86%. The total traded volume for the day was 2,461,324. The stock had closed at $50.54 in the previous days trading.

In an insider trading activity,The director of Autodesk Inc, Norrington Lorrie M sold 5,000 shares at $56 on June 15, 2016. The Insider selling transaction had a total value worth of $280,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Autodesk, Inc. (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries. The Company operates in four segments: Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E). The PSEB, AEC and MFG segments offer a range of services, including consulting, support and training. The M&E segment offers software products to creative professionals, post-production facilities and broadcasters for a variety of applications, including feature films, television programs, commercials, music and corporate videos, interactive game production, Web design and interactive Web streaming.

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