Nuance Communications (NASDAQ:NUAN) had its price objective decreased by Piper Jaffray from $19.00 to $14.00 in a research report released on Tuesday morning, American Banking and Market News reports.
Several other analysts have also recently commented on the stock. Analysts at Wedbush downgraded shares of Nuance Communications from an outperform rating to a neutral rating in a research note to investors on Tuesday. They now have a $15.00 price target on the stock, down previously from $22.00. Separately, analysts at Oppenheimer reiterated a sell rating on shares of Nuance Communications in a research note to investors on Wednesday, November 13th. They now have a $23.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a buy rating on shares of Nuance Communications in a research note to investors on Monday, November 4th. They now have a $24.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $20.88.
Nuance Communications (NASDAQ:NUAN) opened at 13.10 on Tuesday. Nuance Communications has a 52 week low of $13.00 and a 52 week high of $24.85. The stock has a 50-day moving average of $16.39 and a 200-day moving average of $18.32. The company has a market cap of $4.065 billion and a P/E ratio of 122.43.
Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings data 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 $1.41 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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