Autodesk, Inc. (NASDAQ:ADSK) Receives Consensus Recommendation to “Buy” Brokerages

Autodesk, Inc. (NASDAQ: ADSK – Get a rating) received an average “Buy” recommendation from the twenty-four rating agencies that currently cover the company, reports Two analysts gave the stock a sell rating, four gave the company a hold rating and thirteen gave the company a buy rating. The 12-month average target price among brokers who have issued ratings on the stock over the past year is $261.35.

ADSK has been the subject of a number of research analyst reports. Stifel Nicolaus reduced his target price on Autodesk from $285.00 to $230.00 and set a “buy” rating for the company in a Monday, May 23 research note. Mizuho reiterated a “buy” rating and posted a price target of $250.00 on Autodesk shares in a Friday, May 27 report. Rosenblatt Securities lowered its price target on Autodesk shares from $340.00 to $300.00 and placed a “buy” rating on the stock in a Friday, Feb. 25 research note. KeyCorp cut its target price on Autodesk from $260.00 to $250.00 and set an “overweight” rating on the stock in a Friday, May 27 research report. Finally, Credit Suisse Group lowered its price target on Autodesk shares from $440.00 to $335.00 and set an “na” rating for the company in a Tuesday, May 17 research note.

NASDAQ:ADSK opened at $207.75 on Wednesday. The company has a current ratio of 0.62, a quick ratio of 0.69 and a debt ratio of 3.35. The company has a market capitalization of $45.24 billion, a P/E ratio of 94.43 and a beta of 1.44. Autodesk has a 12 month minimum of $173.90 and a 12 month maximum of $344.39. The company’s 50-day moving average is $198.57 and its 200-day moving average is $232.25.

(A d)

The low-cost, high-performance production process of this electric vehicle stock attracts market attention

Autodesk (NASDAQ:ADSK – Get a rating) last released its quarterly earnings data on Thursday, May 26. The software company reported earnings per share (EPS) of $1.43 for the quarter, beating consensus analyst estimates of $1.34 by $0.09. The company posted revenue of $1.17 billion for the quarter, versus a consensus estimate of $1.15 billion. Autodesk had a return on equity of 68.41% and a net margin of 10.67%. The company’s quarterly revenue increased by 18.3% compared to the same quarter last year. In the same period a year earlier, the company posted earnings per share of $1.03. On average, research analysts expect Autodesk to post earnings per share of 4.19 for the current year.

In related news, CAD Stephen W. Hope sold 1,626 shares in a trade that took place on Monday, March 28. The shares were sold at an average price of $212.30, for a total value of $345,199.80. The sale was disclosed in a filing with the SEC, accessible via this link. Also, CFO Deborah Clifford sold 1,820 shares of Autodesk in a trade that took place on Monday, March 28. The shares were sold at an average price of $212.30, for a total transaction of $386,386.00. Disclosure of this sale can be found here. During the last quarter, insiders sold 7,458 shares of the company valued at $1,545,628. Company insiders hold 0.11% of the company’s shares.

Several large investors have recently increased or reduced their stake in the company. Curi Wealth Management LLC purchased a new stake in Autodesk during the fourth quarter worth approximately $25,000. Gradient Investments LLC increased its holdings of Autodesk stock by 68.4% in the fourth quarter. Gradient Investments LLC now owns 96 shares of the software company worth $27,000 after acquiring 39 additional shares in the last quarter. Investment Research & Advisory Group Inc. acquired a new position in Autodesk stock in the fourth quarter worth about $27,000. EverSource Wealth Advisors LLC acquired a new position in Autodesk stock in the fourth quarter worth approximately $28,000. Finally, Hanson & Doremus Investment Management increased its stake in Autodesk shares by 1,136.4% in the first quarter. Hanson & Doremus Investment Management now owns 136 shares of the software company valued at $29,000 after buying an additional 125 shares during the period. Hedge funds and other institutional investors hold 89.55% of the company’s shares.

About Autodesk (Get a rating)

Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land, transportation, and environmental projects; BIM 360, a cloud-based construction management software; AutoCAD, professional design, drafting, detailing, and visualization software; AutoCAD LT, drafting and detailing software; computer aided manufacturing (CAM) software for computer numerical control machining, inspection and modeling for manufacturing; Fusion 360, a 3D CAD, CAM and computer-aided engineering tool; and industry collections tools for professionals in the architecture, engineering and construction, product design and manufacturing, and media and entertainment collections industries.

Read more

Analyst Recommendations for Autodesk (NASDAQ: ADSK)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Autodesk right now?

Before you consider Autodesk, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and Autodesk wasn’t on the list.

While Autodesk currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here