EPAM Systems (EPAM) Given New $130.00 Price Target at Cantor Fitzgerald
EPAM Systems (NYSE:EPAM) had its price objective boosted by research analysts at Cantor Fitzgerald to $130.00 in a report released on Monday, The Fly reports. The firm presently has an “overweight” rating on the information technology services provider’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 14.19% from the stock’s previous close.
EPAM has been the subject of a number of other research reports. KeyCorp restated a “buy” rating and set a $100.00 price objective on shares of EPAM Systems in a research report on Sunday, October 29th. UBS Group lowered EPAM Systems from a “buy” rating to a “neutral” rating and raised their price objective for the company from $105.00 to $110.00 in a research report on Wednesday, November 29th. Zacks Investment Research lowered EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Pivotal Research set a $135.00 price objective on EPAM Systems and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Bank of America raised their price objective on EPAM Systems from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $111.44.
EPAM Systems (NYSE:EPAM) opened at $113.85 on Monday. The firm has a market capitalization of $5,980.00, a PE ratio of 41.86, a PEG ratio of 1.74 and a beta of 0.93. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 0.03. EPAM Systems has a 12-month low of $70.22 and a 12-month high of $119.18.
Several large investors have recently made changes to their positions in EPAM. PNC Financial Services Group Inc. lifted its holdings in shares of EPAM Systems by 34.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,462 shares of the information technology services provider’s stock valued at $123,000 after acquiring an additional 378 shares during the last quarter. Bank of Montreal Can lifted its stake in EPAM Systems by 113.9% in the fourth quarter. Bank of Montreal Can now owns 1,773 shares of the information technology services provider’s stock worth $190,000 after purchasing an additional 944 shares during the last quarter. Wesbanco Bank Inc. bought a new stake in EPAM Systems in the fourth quarter worth about $204,000. Two Sigma Investments LP bought a new stake in EPAM Systems in the fourth quarter worth about $215,000. Finally, Comerica Bank bought a new stake in EPAM Systems in the fourth quarter worth about $225,000. 90.23% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: This report was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2018/02/21/epam-systems-epam-given-new-130-00-price-target-at-cantor-fitzgerald.html.
About EPAM Systems
EPAM Systems, Inc is a g provider of software product development and digital platform engineering services to clients located primarily in North America, Europe, Asia and Australia. The Company’s service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services and from complex software development services to maintenance, support, custom application development, application testing, and infrastructure management.
Receive News & Ratings for EPAM Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EPAM Systems and related companies with MarketBeat.com's FREE daily email newsletter.