Analyst Rating Update on EPAM Systems (EPAM)

EPAM Systems (NYSE:EPAM) : The consensus on EPAM Systems (NYSE:EPAM) based on 9 analyst recommendation on the company stock is 1.11, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future.

EPAM Systems (NYSE:EPAM) : 8 Wall Street analysts covering EPAM Systems (NYSE:EPAM) believe that the average level the stock could reach for the short term is $86.13. The maximum price target given is $100 and the minimum target for short term is around $76, hence the standard deviation is calculated at $6.92.

For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Citigroup maintains its rating on EPAM Systems (NYSE:EPAM). As per the latest information, the brokerage house raises the price target to $85.5 per share from a prior target of $80. The shares have been rated Buy. The rating by the firm was issued on May 27, 2016.

EPAM Systems (NYSE:EPAM): stock turned positive on Tuesday. Though the stock opened at $63.84, the bulls momentum made the stock top out at $66.87 level for the day. The stock recorded a low of $63.67 and closed the trading day at $66.55, in the green by 7.69%. The total traded volume for the day was 1,408,556. The stock had closed at $61.8 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Fejes Balazs, officer (SVP/Co-Head of Global Business) of Epam Systems, Inc., had unloaded 5,000 shares at an average price of $75.23 in a transaction dated on June 1, 2016. The total value of the transaction was worth $376,150.

EPAM Systems, Inc. (EPAM) is a provider of software engineering solutions and information technology (IT) services. The Companys service offerings include Software Product Development Services, Custom Application Development Services, Application Testing Services, Enterprise Application Platforms, Application Maintenance and Support, and Infrastructure Management Services. EPAM provides Software Product Development Services to independent software vendors (ISVs) and technology companies. The Company offers Custom Application Development Services to businesses with application development needs. EPAM offers Application Testing Services for technology platforms and industries. The Companys Enterprise Application Platforms develops technology and business application platforms, and components. EPAM offers Application Maintenance and Support services through a team of IT professionals. The Companys Infrastructure Management Services covers the lifecycle of infrastructure management.

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