ePlus (NASDAQ:PLUS) Given “Hold” Rating at Berenberg Bank

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ePlus (NASDAQ:PLUS)‘s stock had its “hold” rating reissued by equities researchers at Berenberg Bank in a research note issued to investors on Tuesday, AnalystRatings.com reports. They presently have a $91.00 price target on the software maker’s stock. Berenberg Bank’s price target would suggest a potential upside of 1.12% from the stock’s previous close.

A number of other brokerages also recently weighed in on PLUS. BidaskClub downgraded shares of ePlus from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 13th. Peel Hunt reaffirmed a “reduce” rating on shares of ePlus in a research report on Tuesday, October 29th. Liberum Capital reaffirmed a “buy” rating on shares of ePlus in a research report on Tuesday, October 29th. ValuEngine downgraded shares of ePlus from a “sell” rating to a “strong sell” rating in a research report on Friday. Finally, Zacks Investment Research raised shares of ePlus from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $100.00.

Shares of NASDAQ:PLUS traded up $1.03 during trading on Tuesday, reaching $89.99. 1,547 shares of the company’s stock traded hands, compared to its average volume of 76,957. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.52 and a quick ratio of 1.39. ePlus has a 12 month low of $65.52 and a 12 month high of $99.63. The company has a 50 day moving average of $77.85 and a 200-day moving average of $78.30. The stock has a market capitalization of $1.25 billion, a P/E ratio of 19.35 and a beta of 1.26.

ePlus (NASDAQ:PLUS) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.79. ePlus had a net margin of 4.52% and a return on equity of 15.47%. The business had revenue of $411.57 million during the quarter, compared to the consensus estimate of $364.35 million. Equities research analysts predict that ePlus will post 4.18 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Zions Bancorporation N.A. grew its position in ePlus by 7.0% in the 2nd quarter. Zions Bancorporation N.A. now owns 2,308 shares of the software maker’s stock worth $159,000 after purchasing an additional 150 shares during the last quarter. LPL Financial LLC grew its position in ePlus by 4.6% in the 2nd quarter. LPL Financial LLC now owns 3,394 shares of the software maker’s stock worth $239,000 after purchasing an additional 150 shares during the last quarter. US Bancorp DE grew its position in ePlus by 33.2% in the 2nd quarter. US Bancorp DE now owns 754 shares of the software maker’s stock worth $52,000 after purchasing an additional 188 shares during the last quarter. Huntington National Bank grew its position in ePlus by 32.6% in the 3rd quarter. Huntington National Bank now owns 829 shares of the software maker’s stock worth $63,000 after purchasing an additional 204 shares during the last quarter. Finally, First Trust Advisors LP grew its position in ePlus by 2.0% in the 1st quarter. First Trust Advisors LP now owns 10,703 shares of the software maker’s stock worth $948,000 after purchasing an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 90.36% of the company’s stock.

About ePlus

ePlus inc., through its subsidiaries, provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services.

See Also: Recession

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