Shares of Avaya Holdings Corp (NYSE:AVYA) have been assigned an average broker rating score of 2.00 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Avaya’s rating score has declined by 33.3% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a one year consensus price objective of $30.00 for the company and are expecting that the company will post $0.86 EPS for the current quarter, according to Zacks. Zacks has also given Avaya an industry rank of 218 out of 255 based on the ratings given to related companies.
A number of brokerages have recently weighed in on AVYA. Zacks Investment Research upgraded Avaya from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Monday, August 13th. Citigroup began coverage on Avaya in a research report on Friday, August 31st. They set a “neutral” rating and a $25.00 price objective for the company.
Shares of AVYA stock opened at $22.14 on Friday. Avaya has a 52-week low of $15.63 and a 52-week high of $23.76. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 1.80.
Avaya (NYSE:AVYA) last issued its quarterly earnings results on Thursday, August 9th. The company reported ($0.80) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($1.57). Avaya had a return on equity of 4,097.00% and a net margin of 104.03%. The business had revenue of $755.00 million during the quarter, compared to analysts’ expectations of $754.00 million. The company’s revenue was down 6.0% on a year-over-year basis. analysts predict that Avaya will post 2.4 EPS for the current year.
Several institutional investors have recently modified their holdings of the company. Northern Trust Corp grew its position in shares of Avaya by 452.0% during the second quarter. Northern Trust Corp now owns 1,171,935 shares of the company’s stock valued at $23,533,000 after purchasing an additional 959,620 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Avaya by 203.4% during the second quarter. Bank of New York Mellon Corp now owns 433,609 shares of the company’s stock valued at $8,707,000 after purchasing an additional 290,677 shares in the last quarter. Jane Street Group LLC grew its position in shares of Avaya by 87.1% during the second quarter. Jane Street Group LLC now owns 114,815 shares of the company’s stock valued at $2,305,000 after purchasing an additional 53,457 shares in the last quarter. California Public Employees Retirement System purchased a new position in shares of Avaya during the second quarter valued at about $376,000. Finally, Millennium Management LLC grew its position in shares of Avaya by 103.5% during the second quarter. Millennium Management LLC now owns 120,300 shares of the company’s stock valued at $2,416,000 after purchasing an additional 61,198 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.
Avaya Company Profile
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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