Autodesk Inc (NASDAQ:ADSK) shares traded -2.69% down during most recent session to reach at the closing price of $168.03. The stock exchanged hands 1.85 Million shares versus average trading capacity of 1.86 Million shares, yielding a market cap of $36.88 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $183.39 within the next 52-weeks. The mean target projections are based on 23 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Autodesk Inc (NASDAQ:ADSK) high price target of $204 and with a conservative view have low price target of $91.
Mizuho “Initiates Coverage On” Autodesk Inc (NASDAQ:ADSK) in a research note issued to investors on 4/12/19 to Buy with price target of $200.
Additionally on 4/10/19 KeyBanc “Reinstates” Autodesk Inc (NASDAQ:ADSK) to Overweight setting price target at $196 and on 3/01/19 Barclays “Maintained” the stock to Overweight at $199. Furthermore on 3/01/19 Credit Suisse “Maintained” the stock to Outperform at $175.
On the other hand the company has Relative Strength Index (RSI 14) of 58.48 along with Average True Range (ATR 14) of 3.44, Consequently Autodesk Inc (NASDAQ:ADSK)’s weekly and monthly volatility is 1.88%, 2.19% respectively. The company’s beta value is at 1.92.
In terms of Buy, Sell or Hold recommendations, Autodesk Inc (NASDAQ:ADSK) 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 Autodesk Inc (NASDAQ:ADSK)’s minimum EPS for the current quarter is at $0.46 and can go high up to $0.48. The consensus mean EPS for the current quarter is at $0.47 derived from a total of 20 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.06 earnings per share for the same quarter during last year.
Previously Autodesk Inc (NASDAQ:ADSK) reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.04. The company posted an earnings surprise of 9.5%.
Autodesk Inc (NASDAQ:ADSK)’s revenue estimates for the current quarter are $740.24 Million according to 20 number of analysts, for the current quarter the company has high revenue estimates of $746.1 Million in contradiction of low revenue estimates of $735 Million. For the current year the company’s revenue estimates are $3.28 Billion compared to low analyst estimates of $3.27 Billion and high estimates of $3.3 Billion according to 21 number of analysts.
Currently Autodesk Inc (NASDAQ:ADSK)’s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 98.8%. However the six-month change in the insider ownership was recorded -21.35%, as well as three-month change in the institutional ownership was recorded 0.09%.
Autodesk Inc (NASDAQ:ADSK)’s trailing twelve month revenues are $2.57 Billion, whereas its price to sales ratio for the same period is 14.35. Its book value per share for the most recent quarter is $-0.96 while its price to book ratio for the same period is 0, as for as the company’s cash per share for the most recent quarter is $4.34, however its price to cash per share ratio for the same period is 38.68. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.