Mentor Graphics Corp. (NASDAQ:MENT)‘s stock had its “buy” rating reiterated by Credit Suisse Group AG in a report issued on Monday. They presently have a $34.00 target price on the stock. Credit Suisse Group AG’s price objective would suggest a potential upside of 10.82% from the company’s previous close.

A number of other brokerages have also recently commented on MENT. Zacks Investment Research raised Mentor Graphics Corp. from a “strong sell” rating to a “hold” rating in a report on Thursday, October 20th. TheStreet raised Mentor Graphics Corp. from a “hold” rating to a “buy” rating in a report on Friday, October 7th. DA Davidson raised Mentor Graphics Corp. from a “neutral” rating to a “buy” rating and increased their target price for the company from $24.00 to $32.00 in a report on Monday, October 10th. They noted that the move was a valuation call. Pacific Crest reissued a “hold” rating on shares of Mentor Graphics Corp. in a report on Thursday, August 18th. Finally, KeyCorp reissued a “hold” rating on shares of Mentor Graphics Corp. in a report on Tuesday, August 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.00.

Analyst Recommendations for Mentor Graphics Corp. (NASDAQ:MENT)

Mentor Graphics Corp. (NASDAQ:MENT) opened at 30.68 on Monday. The stock has a market cap of $3.32 billion, a PE ratio of 53.36 and a beta of 0.66. The company’s 50-day moving average price is $27.72 and its 200-day moving average price is $23.31. Mentor Graphics Corp. has a 12-month low of $16.10 and a 12-month high of $30.93.

Mentor Graphics Corp. (NASDAQ:MENT) last issued its quarterly earnings results on Thursday, August 18th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The company had revenue of $254.34 million for the quarter, compared to the consensus estimate of $245.17 million. Mentor Graphics Corp. had a return on equity of 6.15% and a net margin of 5.85%. Mentor Graphics Corp.’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 earnings per share. On average, equities analysts expect that Mentor Graphics Corp. will post $1.68 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of MENT. Public Employees Retirement System of Ohio boosted its stake in Mentor Graphics Corp. by 20.9% in the second quarter. Public Employees Retirement System of Ohio now owns 4,952 shares of the company’s stock valued at $105,000 after buying an additional 857 shares in the last quarter. LS Investment Advisors LLC boosted its stake in Mentor Graphics Corp. by 70.6% in the second quarter. LS Investment Advisors LLC now owns 5,938 shares of the company’s stock valued at $126,000 after buying an additional 2,457 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Mentor Graphics Corp. by 844.4% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 6,375 shares of the company’s stock valued at $136,000 after buying an additional 5,700 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in Mentor Graphics Corp. by 7,915.5% in the second quarter. Checchi Capital Advisers LLC now owns 8,256 shares of the company’s stock valued at $176,000 after buying an additional 8,153 shares in the last quarter. Finally, Acrospire Investment Management LLC boosted its stake in Mentor Graphics Corp. by 29.6% in the third quarter. Acrospire Investment Management LLC now owns 7,000 shares of the company’s stock valued at $185,000 after buying an additional 1,600 shares in the last quarter. 96.44% of the stock is owned by hedge funds and other institutional investors.

About Mentor Graphics Corp.

Mentor Graphics Corporation is a supplier of electronic design automation (EDA) tools, which include computer software and emulation hardware systems used to automate the design, analysis and testing of complex electro-mechanical systems, electronic hardware and embedded systems software in electronic systems and components.

5 Day Chart for NASDAQ:MENT

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