Nuance Communications (NASDAQ:NUAN) was downgraded by analysts at UBS AG from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. They currently have a $14.00 target price on the stock. UBS AG’s price objective indicates a potential upside of 4.48% from the stock’s previous close.
A number of other firms have also recently commented on NUAN. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Nuance Communications in a research note to investors on Tuesday. Separately, analysts at Craig Hallum cut their price target on shares of Nuance Communications from $20.00 to $12.00 in a research note to investors on Tuesday. Finally, analysts at Oppenheimer reiterated a “sell” rating on shares of Nuance Communications in a research note to investors on Tuesday. They now have a $23.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. Nuance Communications has an average rating of “Hold” and an average target price of $20.27.
Nuance Communications (NASDAQ:NUAN) traded up 2.29% on Tuesday, hitting $13.40. The stock had a trading volume of 16,434,120 shares. Nuance Communications has a 1-year low of $13.00 and a 1-year high of $24.85. The stock’s 50-day moving average is $16.26 and its 200-day moving average is $18.29. The company has a market cap of $4.158 billion and a P/E ratio of 122.43.
Nuance Communications (NASDAQ:NUAN) last posted its quarterly earnings results on Monday, November 25th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.01. The company had revenue of $472.20 million for the quarter, compared to the consensus estimate of $489.56 million. During the same quarter last year, the company posted $0.51 earnings per share. Nuance Communications’s revenue was up .1% compared to the same quarter last year. Analysts expect that Nuance Communications will post $1.08 EPS for the current fiscal year.
Nuance Communications, Inc is a provider of voice and language solutions for businesses and consumers globally.
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