EPAM Systems (NYSE:EPAM) had its price objective boosted by equities researchers at SunTrust Banks to $165.00 in a report released on Monday, The Fly reports. The brokerage presently has a “buy” rating on the information technology services provider’s stock. SunTrust Banks’ price objective would suggest a potential upside of 12.70% from the stock’s previous close.
A number of other research analysts have also recently issued reports on EPAM. Zacks Investment Research raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research report on Tuesday, November 13th. Cantor Fitzgerald raised their price objective on shares of EPAM Systems from $139.00 to $146.00 and gave the company an “overweight” rating in a research note on Friday, November 2nd. Finally, KeyCorp reduced their price objective on shares of EPAM Systems from $146.00 to $144.00 and set an “overweight” rating for the company in a research note on Friday, November 2nd. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $145.53.
Shares of NYSE EPAM opened at $146.41 on Monday. EPAM Systems has a 1 year low of $102.03 and a 1 year high of $146.54. The stock has a market cap of $7.91 billion, a P/E ratio of 51.37, a price-to-earnings-growth ratio of 1.79 and a beta of 1.58. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.11 and a quick ratio of 5.11.
Large investors have recently added to or reduced their stakes in the business. Paradigm Asset Management Co. LLC bought a new stake in EPAM Systems during the 3rd quarter valued at about $76,000. SG Americas Securities LLC bought a new stake in EPAM Systems during the 4th quarter valued at about $123,000. Tower Research Capital LLC TRC grew its stake in shares of EPAM Systems by 60.2% in the third quarter. Tower Research Capital LLC TRC now owns 1,072 shares of the information technology services provider’s stock worth $148,000 after acquiring an additional 403 shares during the period. TRUE Private Wealth Advisors bought a new stake in shares of EPAM Systems in the third quarter worth approximately $166,000. Finally, Cerebellum GP LLC bought a new stake in shares of EPAM Systems in the fourth quarter worth approximately $167,000. Institutional investors and hedge funds own 92.86% of the company’s stock.
About EPAM Systems
EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Asia, and Australia. It offers software product development services, including product research, customer experience design, prototyping, program management, component design and integration, lifecycle software testing, product deployment, end-user customization, performance tuning, product support and maintenance, managed services, and porting and cross-platform migration.
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