Compuware Corp. (NASDAQ:CPWR)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued to investors on Monday, StockRatingsNetwork.com reports. They currently have a $11.00 price objective on the stock.
Zacks‘ analyst wrote, “Compuware reported dismal fourth quarter results wherein both the top and bottom lines missed the Zacks Consensus Estimate. However, the company provided an encouraging guidance, primarily due to the shift in the timing of the deals from the fourth quarter to fiscal 2014. We believe that the company’s initiatives to reduce costs, gain customers and introduce products will benefit profitability going forward. Moreover, strategic acquisitions and partnerships will boost market share going forward. Further, share buyback and dividend initiation makes the stock attractive in our view. Nonetheless, an intensely competitive landscape and execution challenges (related to acquisition, geography and people) are possible headwinds going forward. We, therefore, reiterate our Neutral recommendation on the stock and set a target price of $11.00. “
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet downgraded shares of Compuware Corp. from a “buy” rating to a “hold” rating in a research note to investors on Thursday, May 23rd. Separately, analysts at Evercore Partners cut their price target on shares of Compuware Corp. from $14.50 to $13.50 in a research note to investors on Wednesday, May 22nd. They now have an “overweight” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Compuware Corp. in a research note to investors on Wednesday, May 15th. They now have a $13.00 price target on the stock, up previously from $12.00.
Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $12.14.
Shares of Compuware Corp. (NASDAQ: CPWR) traded up 0.27% during mid-day trading on Monday, hitting $11.03. Compuware Corp. has a 52 week low of $7.97 and a 52 week high of $12.74. The stock’s 50-day moving average is currently $10.71. The company’s market cap is $2.354 billion.
Compuware Corp. (NASDAQ:CPWR) last issued its quarterly earnings data on Tuesday, May 21st. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.15 by $0.10. The company had revenue of $239.90 million for the quarter, compared to the consensus estimate of $239.68 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was down 9.8% on a year-over-year basis. Compuware Corp. has set its FY14 guidance at $0.35-0.37 EPS. On average, analysts predict that Compuware Corp. will post $0.35 earnings per share for the current fiscal year.
Compuware Corporation provides software solutions (NASDAQ: CPWR) models), professional services and application services.
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