PTC (PTC) Receives Analyst Rating

PTC (PTC) : Zacks Investment Research ranks PTC (PTC) as 4, which is a Sell recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 1.5, which indicates as a Strong Buy.

PTC (PTC) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $52 and the lowest price target forecast is $39. The average forecast of all the analysts is $45.83 and the expected standard deviation is $4.26.


Also, Citigroup initiates coverage on PTC (NASDAQ:PTC) The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency announces the price target to $48 per share. The rating by the firm was issued on August 1, 2016.

PTC (NASDAQ:PTC): After opening at $43.35, the stock dipped to an intraday low of $43.25 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $43.95 and the buying power remained strong till the end. The stock closed at $43.71 for the day, a gain of 1.09% for the day session. The total traded volume was 524,380. The stocks close on the previous trading day was $43.24.

PTC Inc., develops and delivers technology solutions, comprised of software and services, that transform the way customers create and service their products The Company operates in two Software Products, which includes license and related support revenue for all its products except training-related products, and Services, which includes consulting, implementation, training and license and support revenue for computer-based training products. The Companys solutions and software products include Computer-Aided Design (CAD), Product Lifecycle Management (PLM), Application Lifecycle Management (ALM), Supply Chain Management (SCM) and Service Lifecycle Management (SLM). The Company generates revenue through the sale of software licenses, support and services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.