Adobe Systems Incorporated (ADBE) PT Raised to $145.00 at Canaccord Genuity

Adobe Systems Incorporated (ADBE) PT Raised to $145.00 at Canaccord Genuity

Adobe Systems Incorporated had its " rating reiterated by analysts at Credit Suisse.

Adobe Systems Incorporated (ADBE) reported the earnings of $0.94/Share in the last quarter where the estimated EPS by analysts was $0.87/share. The latest reports which are outstanding on Monday 20th of March state 10 analysts have a rating of "strong buy", 9 analysts "buy", 7 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell".

As we will see on the two charts of Adobe stock below, when I come across a stock setup like this, my go-to strategy is to either short the stock, buy cheap put options or option spreads, or if implied volatility is high enough, I will even consider selling out-of-the-money call spreads. Company insiders own 0.43% of the company's stock.

Adobe Systems Incorporated (NASDAQ:ADBE)'s average revenue estimates for the current quarter are $1.72B according to 20 number of analysts. Citigroup Inc upped their price objective on Adobe Systems to $141.00 and gave the stock a "buy" rating in a report on Friday. Their 52-Week High and Low are noted here. The difference between the expected and actual EPS was $0.07/share, which represents an Earnings surprise of 8%.

Adobe Systems (NASDAQ:ADBE) traded down 0.89% on Friday, hitting $125.88.

Several other equities analysts have also recently issued reports on ADBE. The stock's 50 day moving average is $118.01 and its 200-day moving average is $108.87. Adobe Systems Incorporated has a 52-week low of 90.35 and a 52-week high of 130.30.

The bad news is analysts don't believe there's a room for the share price to move in the upward direction. The price now stands at $126.31. Following the completion of the sale, the chief financial officer now owns 6,339 shares in the company, valued at $723,406.68.

In related news, Chairman Charles M. Geschke sold 48,100 shares of the company's stock in a transaction on Wednesday, January 4th. Adobe Systems Incorporated (ADBE) now trades with a market capitalization of $62.96 Billion. The Return on Equity (ROE) value stands at 17.8%. The stock was sold at an average price of $104.03, for a total value of $5,003,843.00. Also, insider Shantanu Narayen sold 173,703 shares of the company's stock in a transaction dated Wednesday, January 25th. The disclosure for this sale can be found here. TCI Wealth Advisors Inc. now owns 1,104 shares of the software company's stock valued at $120,000 after buying an additional 110 shares during the period. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data.

12/16/2016 - Adobe Systems Incorporated had its "buy" rating reiterated by analysts at Dougherty & Co. During the same period in the previous year, the company earned $0.66 earnings per share. TCI Wealth Advisors Inc. increased its stake in Adobe Systems by 11.1% in the third quarter. Norges Bank acquired a new stake in Adobe Systems during the fourth quarter valued at $411,108,000. Janus Capital Management LLC now owns 14,281,223 shares of the software company's stock worth $1,470,479,000 after buying an additional 550,041 shares during the last quarter. Clean Yield Group boosted its stake in shares of Adobe Systems by 32.9% in the third quarter. In other words, EPS reveals how profitable a company is on a share owner basis. Kernodle & Katon Asset Management Group LLC now owns 1,204 shares of the software company's stock valued at $131,000 after buying an additional 495 shares in the last quarter.

As the revenues measures, firm has operation margin of 25.50% in the following twelve months with net profit margin of positive 20.00%. For the next 5 years, Adobe Systems Incorporated is expecting Growth of 31.21% per annum, whereas in the past 5 years the growth was 6.55% per annum. The Company offers products and services used by professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences.