Analysts Set Juniper Networks, Inc. (JNPR) Target Price at $27.95

Juniper Networks, Inc. (NYSE:JNPR) has earned an average rating of “Hold” from the twenty-six ratings firms that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $27.95.

JNPR has been the topic of several recent analyst reports. TheStreet raised Juniper Networks from a “c+” rating to a “b-” rating in a research note on Thursday, September 20th. Nomura raised Juniper Networks from a “neutral” rating to a “buy” rating and boosted their price target for the company from $28.00 to $34.00 in a research note on Wednesday, September 19th. Zacks Investment Research raised Juniper Networks from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Tuesday, July 31st. Deutsche Bank raised Juniper Networks from a “hold” rating to a “buy” rating and boosted their price target for the company from $25.00 to $32.00 in a research note on Monday, July 30th. Finally, Oppenheimer reissued a “buy” rating on shares of Juniper Networks in a research note on Tuesday, August 7th.

In related news, Director William Stensrud sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $28.20, for a total transaction of $564,000.00. Following the completion of the sale, the director now owns 5,531 shares in the company, valued at $155,974.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Anand Athreya sold 113,039 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $29.70, for a total value of $3,357,258.30. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC bought a new stake in Juniper Networks during the second quarter worth $112,000. Whittier Trust Co. boosted its position in Juniper Networks by 794.3% in the second quarter. Whittier Trust Co. now owns 6,600 shares of the network equipment provider’s stock worth $162,000 after purchasing an additional 5,862 shares during the last quarter. Everence Capital Management Inc. purchased a new position in Juniper Networks in the second quarter worth $225,000. Advisor Partners LLC purchased a new position in Juniper Networks in the third quarter worth $226,000. Finally, Tower Research Capital LLC TRC boosted its position in Juniper Networks by 86.0% in the second quarter. Tower Research Capital LLC TRC now owns 9,486 shares of the network equipment provider’s stock worth $260,000 after purchasing an additional 4,386 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Shares of Juniper Networks stock traded up $0.10 during midday trading on Monday, reaching $30.54. The company had a trading volume of 24,309 shares, compared to its average volume of 4,960,863. Juniper Networks has a fifty-two week low of $23.61 and a fifty-two week high of $30.65. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.47 and a quick ratio of 2.27. The firm has a market cap of $10.40 billion, a P/E ratio of 17.65, a P/E/G ratio of 4.28 and a beta of 0.88.

Juniper Networks (NYSE:JNPR) last issued its quarterly earnings results on Tuesday, October 23rd. The network equipment provider reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.10. Juniper Networks had a return on equity of 10.42% and a net margin of 4.82%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. The company’s revenue was down 6.2% compared to the same quarter last year. Equities analysts anticipate that Juniper Networks will post 1.32 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 5th will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, December 4th. This represents a $0.72 annualized dividend and a dividend yield of 2.36%. Juniper Networks’s dividend payout ratio is 41.62%.

About Juniper Networks

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers various routing products, such as ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; PTX series packet transport routers; cloud customer premises equipment; and NorthStar controllers.

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Analyst Recommendations for Juniper Networks (NYSE:JNPR)

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