Shares of Avaya Holdings Corp (NYSE:AVYA) have earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $19.50.
A number of equities analysts recently issued reports on AVYA shares. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. Northland Securities set a $50.00 price target on Polarityte and gave the company a “buy” rating in a report on Friday, May 10th. BWS Financial lowered their price target on Avaya from $32.00 to $22.00 and set a “hold” rating for the company in a report on Friday, May 10th. Finally, Citigroup set a $12.00 price target on Avaya and gave the company a “hold” rating in a report on Monday, July 8th.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio lifted its stake in Avaya by 57.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,363 shares of the company’s stock valued at $49,000 after buying an additional 1,232 shares during the last quarter. Legal & General Group Plc lifted its stake in Avaya by 7.2% in the fourth quarter. Legal & General Group Plc now owns 43,331 shares of the company’s stock valued at $631,000 after buying an additional 2,912 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in Avaya by 42.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 12,465 shares of the company’s stock valued at $175,000 after buying an additional 3,685 shares during the last quarter. AEGON USA Investment Management LLC lifted its stake in Avaya by 2.4% in the second quarter. AEGON USA Investment Management LLC now owns 172,284 shares of the company’s stock valued at $2,052,000 after buying an additional 4,100 shares during the last quarter. Finally, Strs Ohio lifted its stake in Avaya by 10.8% in the first quarter. Strs Ohio now owns 64,500 shares of the company’s stock valued at $1,085,000 after buying an additional 6,300 shares during the last quarter. Institutional investors own 99.96% of the company’s stock.
Shares of Avaya stock traded down $0.26 on Friday, reaching $10.74. 642,629 shares of the company were exchanged, compared to its average volume of 1,048,964. The stock’s 50 day moving average is $11.82. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.31 and a current ratio of 1.37. The company has a market capitalization of $1.19 billion, a P/E ratio of 3.76 and a beta of 1.69. Avaya has a 1-year low of $10.46 and a 1-year high of $23.40.
Avaya (NYSE:AVYA) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.72 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.72. The firm had revenue of $714.00 million during the quarter, compared to the consensus estimate of $748.47 million. Avaya had a return on equity of 15.77% and a net margin of 6.12%. Avaya’s revenue for the quarter was down 5.7% compared to the same quarter last year. On average, equities research analysts expect that Avaya will post 3.17 EPS for the current year.
Avaya Holdings Corp., through its subsidiaries, provides digital communications products, solutions, and services for businesses worldwide. The company operates through two segments, Products & Solutions, and Services. The Products & Solutions segment offers unified communications and contact center platforms, applications, and devices.
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