Micro Focus International (NYSE:MFGP) Given “Neutral” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their neutral rating on shares of Micro Focus International (NYSE:MFGP) in a report released on Thursday morning, The Fly reports.

MFGP has been the subject of a number of other research reports. UBS Group reaffirmed a neutral rating on shares of Micro Focus International in a research note on Thursday, June 4th. ValuEngine upgraded shares of Micro Focus International from a sell rating to a hold rating in a research report on Thursday, July 2nd. Citigroup upgraded shares of Micro Focus International from a sell rating to a neutral rating in a research report on Monday, March 30th. Jefferies Financial Group cut their target price on shares of Micro Focus International from $6.00 to $5.00 and set a hold rating for the company in a research report on Tuesday. They noted that the move was a valuation call. Finally, Credit Suisse Group upgraded shares of Micro Focus International from an underperform rating to a neutral rating in a research report on Wednesday. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Micro Focus International presently has an average rating of Hold and a consensus price target of $5.63.

Micro Focus International stock traded down $0.14 during midday trading on Thursday, reaching $4.26. The stock had a trading volume of 156,179 shares, compared to its average volume of 1,224,691. The firm’s fifty day simple moving average is $5.66 and its two-hundred day simple moving average is $8.18. Micro Focus International has a twelve month low of $3.42 and a twelve month high of $22.40. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.83 and a quick ratio of 0.80. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 2.24 and a beta of 2.25.

Hedge funds and other institutional investors have recently modified their holdings of the company. Creative Planning acquired a new position in shares of Micro Focus International during the 1st quarter valued at about $67,000. PNC Financial Services Group Inc. increased its holdings in shares of Micro Focus International by 32.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 15,561 shares of the company’s stock valued at $79,000 after acquiring an additional 3,826 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of Micro Focus International by 72.1% during the 4th quarter. Advisor Group Inc. now owns 6,770 shares of the company’s stock valued at $95,000 after acquiring an additional 2,837 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of Micro Focus International during the 1st quarter valued at about $98,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Micro Focus International during the 4th quarter valued at about $108,000. 14.63% of the stock is currently owned by institutional investors and hedge funds.

About Micro Focus International

Micro Focus International plc, an infrastructure software company, develops, sells, and supports software products and solutions to small and medium size enterprises. The company offers infrastructure software products that are managed on an investment portfolio. Its product portfolio includes application modernization and connectivity, application delivery management, and IT operations management, as well as security, information management, and Governance.

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Analyst Recommendations for Micro Focus International (NYSE:MFGP)

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