Shares of Aspen Technology, Inc. (NASDAQ:AZPN – Get Free Report) have been given an average recommendation of “Hold” by the seven brokerages that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $272.00.
AZPN has been the topic of several recent analyst reports. Baird R W cut Aspen Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 27th. StockNews.com initiated coverage on Aspen Technology in a research report on Friday. They set a “hold” rating on the stock. Robert W. Baird reaffirmed a “neutral” rating and set a $265.00 price objective (down from $275.00) on shares of Aspen Technology in a research report on Monday, January 27th. Loop Capital raised Aspen Technology from a “hold” rating to a “buy” rating and increased their price objective for the company from $265.00 to $315.00 in a research report on Monday, February 10th. Finally, Piper Sandler increased their price objective on Aspen Technology from $240.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, January 27th.
Get Our Latest Stock Report on Aspen Technology
Institutional Inflows and Outflows
Aspen Technology Stock Performance
NASDAQ AZPN opened at $264.33 on Monday. Aspen Technology has a 12 month low of $171.25 and a 12 month high of $277.37. The stock has a market cap of $16.73 billion, a P/E ratio of 3,304.54, a P/E/G ratio of 3.00 and a beta of 0.73. The stock’s fifty day moving average price is $261.08 and its 200-day moving average price is $248.12.
Aspen Technology (NASDAQ:AZPN – Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.03. Aspen Technology had a return on equity of 3.17% and a net margin of 0.54%. As a group, analysts forecast that Aspen Technology will post 6.7 earnings per share for the current fiscal year.
About Aspen Technology
Aspen Technology, Inc provides industrial software that focuses on helping customers in asset-intensive industries worldwide. The company’s solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. Its software is used in performance engineering, modeling and design, supply chain management, predictive and prescriptive maintenance, digital grid management, and industrial data management.
Further Reading
- Five stocks we like better than Aspen Technology
- What is the Dow Jones Industrial Average (DJIA)?
- How to Build the Ultimate Everything ETF Portfolio
- 3 Warren Buffett Stocks to Buy Now
- Dutch Bros or Starbucks: Which Coffee Stock Has More Growth?
- The Significance of Brokerage Rankings in Stock Selection
- 3 Stocks With High ROE and Market-Beating Growth Potential
Receive News & Ratings for Aspen Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Technology and related companies with MarketBeat.com's FREE daily email newsletter.