Avaya Holdings Corp (NYSE:AVYA) has been assigned an average rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $23.92.
AVYA has been the subject of several recent analyst reports. Goldman Sachs Group initiated coverage on shares of Avaya in a report on Monday, December 17th. They set a “neutral” rating and a $20.00 price objective for the company. Zacks Investment Research lowered shares of Avaya from a “hold” rating to a “sell” rating in a report on Wednesday, January 9th. Morgan Stanley assumed coverage on shares of Avaya in a report on Monday, January 7th. They issued an “equal weight” rating and a $18.50 price target for the company. Finally, Barclays reissued a “hold” rating and issued a $20.00 price target on shares of Avaya in a report on Wednesday, December 5th.
NYSE AVYA opened at $15.63 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 1.51. Avaya has a twelve month low of $13.96 and a twelve month high of $23.76.
Avaya (NYSE:AVYA) last released its earnings results on Tuesday, December 4th. The company reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.08. Avaya had a net margin of 114.49% and a return on equity of 185.96%. The business had revenue of $770.00 million during the quarter, compared to analysts’ expectations of $768.00 million. The business’s revenue was up 2.0% on a year-over-year basis. On average, analysts anticipate that Avaya will post 3.55 EPS for the current year.
Several institutional investors have recently modified their holdings of AVYA. Great West Life Assurance Co. Can bought a new position in shares of Avaya during the second quarter worth $176,000. Raymond James Trust N.A. bought a new position in shares of Avaya during the third quarter worth $233,000. Legal & General Group Plc bought a new position in shares of Avaya during the second quarter worth $336,000. California Public Employees Retirement System bought a new position in shares of Avaya during the second quarter worth $376,000. Finally, First Quadrant L P CA bought a new position in shares of Avaya during the third quarter worth $429,000.
Avaya Holdings Corp. operates as a holding company which through its subsidiary, develops business collaboration and communications solutions worldwide. The company was formerly known as Sierra Holdings Corp. The company was incorporated in 2007 and is based in Santa Clara, California.
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