Nuance Communicatns (NASDAQ:NUAN) shares traded -0.47% down during most recent session to reach at the closing price of $17.07. The stock exchanged hands 1.4 Million shares versus average trading capacity of 2.02 Million shares, yielding a market cap of $4.85 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $20.33 within the next 52-weeks. The mean target projections are based on 6 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Nuance Communicatns (NASDAQ:NUAN) high price target of $23 and with a conservative view have low price target of $17.
Morgan Stanley “Downgrades” Nuance Communicatns (NASDAQ:NUAN) in a research note issued to investors on 1/15/19 to Equal-Weight with price target of $17.
Additionally on 10/19/18 Wedbush “Initiates Coverage On” Nuance Communicatns (NASDAQ:NUAN) to Outperform setting price target at $22 and on 8/09/18 Standpoint Research “Downgrades” the stock to Hold at $0. Furthermore on 8/09/18 Barclays “Maintained” the stock to Overweight at $20.
On the other hand the company has Relative Strength Index (RSI 14) of 55.8 along with Average True Range (ATR 14) of 0.3, Consequently Nuance Communicatns (NASDAQ:NUAN)’s weekly and monthly volatility is 1.45%, 1.89% respectively. The company’s beta value is at 1.18.
In terms of Buy, Sell or Hold recommendations, Nuance Communicatns (NASDAQ:NUAN) has analysts’ mean recommendation of 2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Nuance Communicatns (NASDAQ:NUAN)’s minimum EPS for the current quarter is at $0.23 and can go high up to $0.27. The consensus mean EPS for the current quarter is at $0.25 derived from a total of 6 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.27 earnings per share for the same quarter during last year.
Previously Nuance Communicatns (NASDAQ:NUAN) reported $0.3 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.02. The company posted an earnings surprise of 7.1%.
Nuance Communicatns (NASDAQ:NUAN)’s revenue estimates for the current quarter are $445.66 Million according to 5 number of analysts, for the current quarter the company has high revenue estimates of $447.5 Million in contradiction of low revenue estimates of $443 Million. For the current year the company’s revenue estimates are $1.87 Billion compared to low analyst estimates of $1.86 Billion and high estimates of $1.87 Billion according to 6 number of analysts.
Currently Nuance Communicatns (NASDAQ:NUAN)’s shares owned by insiders are 1%, whereas shares owned by institutional owners are 91.5%. However the six-month change in the insider ownership was recorded -8.67%, as well as three-month change in the institutional ownership was recorded 0.02%.
Nuance Communicatns (NASDAQ:NUAN)’s trailing twelve month revenues are $2.04 Billion, whereas its price to sales ratio for the same period is 2.37. Its book value per share for the most recent quarter is $6.75 while its price to book ratio for the same period is 2.53, as for as the company’s cash per share for the most recent quarter is $1.52, however its price to cash per share ratio for the same period is 11.25. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.