Endava (NYSE:DAVA) had its target price boosted by Needham & Company LLC from $50.00 to $53.00 in a research note issued on Tuesday, Briefing.com Automated Import reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 18.83% from the company’s current price.
A number of other brokerages also recently issued reports on DAVA. Cantor Fitzgerald lifted their price target on Endava from $39.00 to $46.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Zacks Investment Research raised Endava from a “sell” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Tuesday, November 26th. ValuEngine cut shares of Endava from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Deutsche Bank lifted their target price on shares of Endava from $36.00 to $43.00 and gave the company a “hold” rating in a research report on Thursday, September 26th. Finally, Citigroup cut their price target on shares of Endava from $44.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, September 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $44.78.
Shares of Endava stock traded down $1.28 during trading on Tuesday, hitting $44.60. The stock had a trading volume of 110 shares, compared to its average volume of 125,910. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.16. Endava has a 12 month low of $21.42 and a 12 month high of $48.00. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 45.05, a P/E/G ratio of 2.63 and a beta of 0.80. The business’s 50-day moving average is $42.53 and its 200 day moving average is $38.96.
Endava (NYSE:DAVA) last posted its quarterly earnings data on Wednesday, September 25th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.04. Endava had a return on equity of 28.69% and a net margin of 11.93%. The company had revenue of $98.49 million during the quarter, compared to analyst estimates of $95.66 million. As a group, equities analysts expect that Endava will post 0.91 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Panagora Asset Management Inc. bought a new stake in Endava in the second quarter valued at approximately $46,000. Public Employees Retirement System of Ohio purchased a new stake in Endava during the 3rd quarter valued at $97,000. Ellington Management Group LLC bought a new stake in Endava in the 2nd quarter worth $209,000. Ladenburg Thalmann Financial Services Inc. bought a new stake in Endava in the 2nd quarter worth $270,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Endava during the second quarter valued at about $287,000. 27.86% of the stock is currently owned by institutional investors.
Endava Company Profile
Endava plc provides technology services for clients in the consumer products, healthcare, logistics, and retail verticals in Europe, Latin America, and the United States. It offers strategy, creative and user experience, insights through data, mobile and Internet of Things, architecture, smart automation, software engineering, test automation and engineering, continuous delivery, cloud, applications management, and smart desk services across the digital evolution, agile transformation, and automation solution areas.
Further Reading: Earnings Reports
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