Goldman Sachs Group reaffirmed their buy rating on shares of Avaya (NYSE:AVYA) in a research note issued to investors on Tuesday morning, TipRanks reports. Goldman Sachs Group currently has a $18.00 price target on the stock.
A number of other brokerages have also commented on AVYA. Zacks Investment Research lowered shares of Avaya from a strong-buy rating to a hold rating in a report on Wednesday, December 4th. Northland Securities restated a buy rating and set a $17.00 price objective on shares of Avaya in a report on Thursday, November 21st. Guggenheim restated a buy rating and set a $20.00 price objective on shares of Avaya in a report on Tuesday, November 19th. Finally, BWS Financial restated a buy rating on shares of Avaya in a report on Monday, November 25th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $17.43.
AVYA opened at $13.40 on Tuesday. The firm’s fifty day moving average is $12.99 and its two-hundred day moving average is $12.39. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.35 and a current ratio of 1.41. The firm has a market cap of $1.31 billion, a PE ratio of -2.01 and a beta of 1.58. Avaya has a twelve month low of $9.72 and a twelve month high of $22.35.
Several large investors have recently modified their holdings of the stock. Sandy Spring Bank increased its stake in Avaya by 250.0% in the 3rd quarter. Sandy Spring Bank now owns 3,500 shares of the company’s stock valued at $36,000 after buying an additional 2,500 shares during the last quarter. US Bancorp DE increased its stake in Avaya by 449.8% in the 4th quarter. US Bancorp DE now owns 5,482 shares of the company’s stock valued at $74,000 after buying an additional 4,485 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in Avaya by 49.2% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 6,798 shares of the company’s stock valued at $92,000 after buying an additional 2,243 shares during the last quarter. Great West Life Assurance Co. Can acquired a new stake in Avaya in the 4th quarter valued at $93,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Avaya in the 4th quarter valued at $125,000.
Avaya Company Profile
Avaya Holdings Corp., through its subsidiaries, provides digital communications products, solutions, and services for businesses worldwide. The company operates through two segments, Products & Solutions, and Services. The Products & Solutions segment offers unified communications and contact center platforms, applications, and devices.
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