Juniper Networks, Inc. (NYSE:JNPR) Receives $39.50 Average Price Target from Analysts

Shares of Juniper Networks, Inc. (NYSE:JNPR) have earned a consensus rating of “Hold” from the eight brokerages that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $39.50.

JNPR has been the topic of a number of research analyst reports. Barclays lowered their price target on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. StockNews.com assumed coverage on shares of Juniper Networks in a research note on Monday, September 16th. They set a “hold” rating on the stock. Citigroup reiterated a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research report on Monday, September 23rd. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research note on Friday, November 1st.

Juniper Networks Trading Up 0.4 %

JNPR stock opened at $37.95 on Thursday. Juniper Networks has a 12-month low of $29.72 and a 12-month high of $39.79. The business’s 50-day moving average is $37.36 and its 200 day moving average is $37.84. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.35. The stock has a market cap of $12.56 billion, a price-to-earnings ratio of 49.93, a PEG ratio of 11.75 and a beta of 0.88.

Juniper Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.32%. The ex-dividend date was Monday, December 2nd. Juniper Networks’s payout ratio is currently 115.79%.

Institutional Trading of Juniper Networks

A number of hedge funds and other institutional investors have recently made changes to their positions in JNPR. Larson Financial Group LLC increased its stake in Juniper Networks by 2,069.4% during the second quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock worth $28,000 after acquiring an additional 745 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in shares of Juniper Networks during the 2nd quarter worth about $36,000. Venturi Wealth Management LLC raised its holdings in Juniper Networks by 60.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock valued at $46,000 after buying an additional 447 shares during the period. Quarry LP lifted its position in Juniper Networks by 71.4% in the second quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock valued at $56,000 after buying an additional 644 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new position in Juniper Networks in the third quarter valued at about $61,000. Institutional investors and hedge funds own 91.95% of the company’s stock.

About Juniper Networks

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.