Globant SA (GLOB) Given Average Recommendation of “Hold” by Analysts
Shares of Globant SA (NYSE:GLOB) have been assigned a consensus rating of “Hold” from the twelve analysts that are currently covering the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $39.38.
Several equities analysts have recently issued reports on the stock. Pacific Crest reissued a “hold” rating on shares of Globant SA in a report on Thursday, August 11th. JPMorgan Chase & Co. boosted their price target on shares of Globant SA from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, August 11th. Jefferies Group reaffirmed a “hold” rating and issued a $37.00 price objective on shares of Globant SA in a report on Thursday, August 11th. Zacks Investment Research downgraded shares of Globant SA from a “hold” rating to a “sell” rating in a report on Tuesday, August 16th. Finally, Citigroup Inc. upped their price objective on shares of Globant SA from $41.00 to $48.50 and gave the stock a “buy” rating in a report on Thursday, August 11th.
Shares of Globant SA (NYSE:GLOB) opened at 36.32 on Monday. The stock has a market capitalization of $1.25 billion, a P/E ratio of 37.06 and a beta of 1.19. The stock’s 50 day moving average is $42.62 and its 200-day moving average is $40.81. Globant SA has a one year low of $22.50 and a one year high of $47.19.
Globant SA (NYSE:GLOB) last announced its quarterly earnings results on Monday, November 14th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.01. Globant SA had a net margin of 11.32% and a return on equity of 19.58%. The firm had revenue of $82.40 million for the quarter, compared to analyst estimates of $81.95 million. During the same period last year, the firm posted $0.26 EPS. The business’s revenue was up 22.8% compared to the same quarter last year. On average, equities research analysts expect that Globant SA will post $1.15 EPS for the current year.
A number of large investors have recently modified their holdings of GLOB. UBS Group AG increased its stake in shares of Globant SA by 190.1% in the first quarter. UBS Group AG now owns 17,420 shares of the company’s stock worth $538,000 after buying an additional 11,415 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Globant SA by 5.9% in the first quarter. Wellington Management Group LLP now owns 240,288 shares of the company’s stock worth $7,416,000 after buying an additional 13,448 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Globant SA during the first quarter worth $5,863,000. Fisher Asset Management LLC increased its stake in shares of Globant SA by 11.4% in the second quarter. Fisher Asset Management LLC now owns 7,100 shares of the company’s stock worth $285,000 after buying an additional 726 shares during the last quarter. Finally, Fis Group Inc. acquired a new stake in shares of Globant SA during the second quarter worth $451,000. 62.65% of the stock is owned by institutional investors.
About Globant SA
Globant SA is a digitally native technology services company. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe.
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