Synopsys Inc (NASDAQ:SNPS) shares traded 0.41% up during most recent session to reach at the closing price of $117.76. The stock exchanged hands 880888 shares versus average trading capacity of 1.18 Million shares, yielding a market cap of $17.58 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $123.74 within the next 52-weeks. The mean target projections are based on 8 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Synopsys Inc (NASDAQ:SNPS) high price target of $140 and with a conservative view have low price target of $91.9.
KeyBanc “Reinstates” Synopsys Inc (NASDAQ:SNPS) in a research note issued to investors on 4/10/19 to Overweight with price target of $135.
Additionally on 12/06/18 Benchmark “Upgrades” Synopsys Inc (NASDAQ:SNPS) to Buy setting price target at $110 and on 11/20/18 Berenberg “Initiates Coverage On” the stock to Buy at $119. Furthermore on 10/23/18 JP Morgan “Upgrades” the stock to Neutral at $98.
On the other hand the company has Relative Strength Index (RSI 14) of 73.42 along with Average True Range (ATR 14) of 1.81, Consequently Synopsys Inc (NASDAQ:SNPS)’s weekly and monthly volatility is 1.20%, 1.63% respectively. The company’s beta value is at 1.29.
In terms of Buy, Sell or Hold recommendations, Synopsys Inc (NASDAQ:SNPS) has analysts’ mean recommendation of 1.9. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Synopsys Inc (NASDAQ:SNPS)’s minimum EPS for the current quarter is at $1.07 and can go high up to $1.11. The consensus mean EPS for the current quarter is at $1.09 derived from a total of 7 estimates from the analysts who have weighed in on projected earnings. However the company reported $1.08 earnings per share for the same quarter during last year.
Previously Synopsys Inc (NASDAQ:SNPS) reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.11. The company posted an earnings surprise of 11.3%.
Synopsys Inc (NASDAQ:SNPS)’s revenue estimates for the current quarter are $829.33 Million according to 7 number of analysts, for the current quarter the company has high revenue estimates of $836.8 Million in contradiction of low revenue estimates of $819.6 Million. For the current year the company’s revenue estimates are $3.33 Billion compared to low analyst estimates of $3.31 Billion and high estimates of $3.36 Billion according to 8 number of analysts.
Currently Synopsys Inc (NASDAQ:SNPS)’s shares owned by insiders are 0.2%, whereas shares owned by institutional owners are 92.7%. However the six-month change in the insider ownership was recorded -55.06%, as well as three-month change in the institutional ownership was recorded 0.02%.
Synopsys Inc (NASDAQ:SNPS)’s trailing twelve month revenues are $3.17 Billion, whereas its price to sales ratio for the same period is 5.54. Its book value per share for the most recent quarter is $25.31 while its price to book ratio for the same period is 4.65, as for as the company’s cash per share for the most recent quarter is $0, however its price to cash per share ratio for the same period is 0. The stock has 5 year expected PEG ratio of 3.09 whereas its trailing twelve month P/E ratio is 30.89.