Equities researchers at BMO Capital Markets cut their target price on shares of TIBCO Software (NASDAQ: TIBX) from $22.00 to $20.00 in a report issued on Friday. The firm currently has a “market perform” rating on the stock.
Shares of TIBCO Software (NASDAQ: TIBX) opened at 23.17 on Friday. TIBCO Software has a 52 week low of $18.95 and a 52 week high of $34.67. The stock’s 50-day moving average is currently $22.82. The company has a market cap of $3.720 billion and a P/E ratio of 32.18.
TIBCO Software (NASDAQ: TIBX) last announced its earnings results on Thursday, March 21st. The company reported $0.18 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.18. The company had revenue of $237.80 million for the quarter, compared to the consensus estimate of $242.46 million. During the same quarter last year, the company posted $0.20 earnings per share. TIBCO Software’s revenue was up 5.4% compared to the same quarter last year. On average, analysts predict that TIBCO Software will post $1.21 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on TIBX. Analysts at Jefferies Group raised their price target on shares of TIBCO Software from $25.00 to $27.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Bank of America upgraded shares of TIBCO Software from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, March 6th. They now have a $26.00 price target on the stock. Finally, analysts at Zacks upgraded shares of TIBCO Software from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, February 5th. They now have a $24.10 price target on the stock.
Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. TIBCO Software presently has a consensus rating of “Buy” and an average target price of $29.53.
TIBCO Software Inc. (NASDAQ: TIBX) is a provider of middleware and infrastructure software. The Company’s software platform enables customers to create applications from infrastructure and deliver real-time and actionable insights.
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