Shares of Avaya Holdings Corp (NYSE:AVYA) have earned a consensus recommendation of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $19.50.
A number of research firms recently commented on AVYA. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. BWS Financial decreased their price objective on Avaya from $32.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, May 10th. Citigroup set a $12.00 price objective on Avaya and gave the company a “hold” rating in a research note on Monday, July 8th. Finally, Northland Securities set a $50.00 price objective on Polarityte and gave the company a “buy” rating in a research note on Friday, May 10th.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its stake in shares of Avaya by 57.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,363 shares of the company’s stock valued at $49,000 after acquiring an additional 1,232 shares during the last quarter. Legal & General Group Plc lifted its position in Avaya by 7.2% during the fourth quarter. Legal & General Group Plc now owns 43,331 shares of the company’s stock worth $631,000 after buying an additional 2,912 shares during the period. Great West Life Assurance Co. Can lifted its position in Avaya by 42.0% during the fourth quarter. Great West Life Assurance Co. Can now owns 12,465 shares of the company’s stock worth $175,000 after buying an additional 3,685 shares during the period. AEGON USA Investment Management LLC lifted its position in Avaya by 2.4% during the second quarter. AEGON USA Investment Management LLC now owns 172,284 shares of the company’s stock worth $2,052,000 after buying an additional 4,100 shares during the period. Finally, Strs Ohio lifted its position in Avaya by 10.8% during the first quarter. Strs Ohio now owns 64,500 shares of the company’s stock worth $1,085,000 after buying an additional 6,300 shares during the period. 99.96% of the stock is currently owned by institutional investors and hedge funds.
Avaya stock traded down $0.26 during trading hours on Friday, hitting $10.74. The stock had a trading volume of 642,629 shares, compared to its average volume of 1,048,964. The company has a quick ratio of 1.31, a current ratio of 1.37 and a debt-to-equity ratio of 1.45. The company has a market cap of $1.19 billion, a PE ratio of 3.76 and a beta of 1.69. Avaya has a 1-year low of $10.46 and a 1-year high of $23.40. The firm has a fifty day simple moving average of $11.82.
Avaya (NYSE:AVYA) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.72 EPS for the quarter, meeting analysts’ consensus estimates of $0.72. The business had revenue of $714.00 million for the quarter, compared to analyst estimates of $748.47 million. Avaya had a return on equity of 15.77% and a net margin of 6.12%. The company’s revenue was down 5.7% on a year-over-year basis. On average, research analysts expect that Avaya will post 3.17 EPS for the current fiscal year.
Avaya Holdings Corp., through its subsidiaries, provides digital communications products, solutions, and services for businesses worldwide. The company operates through two segments, Products & Solutions, and Services. The Products & Solutions segment offers unified communications and contact center platforms, applications, and devices.
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