Avaya (NYSE:AVYA) Given a $12.00 Price Target by Citigroup Analysts

Citigroup set a $12.00 price objective on Avaya (NYSE:AVYA) in a report released on Monday, Stock Target Advisor reports. The firm currently has a hold rating on the stock.

Several other research analysts have also recently weighed in on AVYA. Zacks Investment Research upgraded Gerdau from a sell rating to a hold rating in a research note on Monday, May 13th. Northland Securities set a $50.00 price target on Polarityte and gave the stock a buy rating in a research note on Friday, May 10th. Guggenheim began coverage on Vonage in a research note on Monday, March 11th. They issued a neutral rating and a $10.00 price target for the company. Finally, BWS Financial decreased their price target on Avaya from $32.00 to $22.00 and set a hold rating for the company in a research note on Friday, May 10th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $19.44.

AVYA stock opened at $11.00 on Monday. Avaya has a 1-year low of $10.90 and a 1-year high of $23.40. The business has a fifty day simple moving average of $12.12. The company has a quick ratio of 1.31, a current ratio of 1.37 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $1.22 billion, a PE ratio of 3.87 and a beta of 1.69.

Avaya (NYSE:AVYA) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.72 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. Avaya had a return on equity of 15.77% and a net margin of 6.12%. The firm had revenue of $714.00 million during the quarter, compared to analysts’ expectations of $748.47 million. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. Analysts expect that Avaya will post 3.17 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its holdings in shares of Avaya by 57.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,363 shares of the company’s stock worth $49,000 after acquiring an additional 1,232 shares during the period. Legal & General Group Plc grew its holdings in shares of Avaya by 7.2% in the fourth quarter. Legal & General Group Plc now owns 43,331 shares of the company’s stock worth $631,000 after acquiring an additional 2,912 shares during the period. Great West Life Assurance Co. Can grew its holdings in shares of Avaya by 42.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 12,465 shares of the company’s stock worth $175,000 after acquiring an additional 3,685 shares during the period. Strs Ohio grew its holdings in shares of Avaya by 10.8% in the first quarter. Strs Ohio now owns 64,500 shares of the company’s stock worth $1,085,000 after acquiring an additional 6,300 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in shares of Avaya by 27.1% in the fourth quarter. Hsbc Holdings PLC now owns 30,659 shares of the company’s stock worth $446,000 after acquiring an additional 6,528 shares during the period. 99.96% of the stock is owned by institutional investors.

About Avaya

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.

Featured Article: Why do company’s buyback their stock?

Analyst Recommendations for Avaya (NYSE:AVYA)

Receive News & Ratings for Avaya Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avaya and related companies with MarketBeat.com's FREE daily email newsletter.