Northland Securities set a $21.00 target price on Avaya (NYSE:AVYA) in a report released on Wednesday morning, TipRanks reports. The brokerage currently has a buy rating on the stock.
A number of other research firms also recently weighed in on AVYA. Morgan Stanley reissued an equal weight rating and issued a $14.00 price target (down previously from $18.50) on shares of Avaya in a research note on Wednesday, August 14th. BWS Financial cut their price target on Avaya from $32.00 to $22.00 and set a hold rating on the stock in a research note on Friday, May 10th. Zacks Investment Research downgraded Avaya from a hold rating to a strong sell rating in a research note on Thursday, August 15th. Finally, Citigroup set a $12.00 price target on Avaya and gave the company a hold rating in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $18.88.
NYSE:AVYA opened at $14.08 on Wednesday. The stock’s fifty day moving average price is $11.46 and its two-hundred day moving average price is $14.36. Avaya has a 52-week low of $10.23 and a 52-week high of $23.40. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.35 and a current ratio of 1.41. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 5.19 and a beta of 1.70.
A number of institutional investors have recently modified their holdings of the stock. Legal & General Group Plc raised its stake in Avaya by 7.2% during the 4th quarter. Legal & General Group Plc now owns 43,331 shares of the company’s stock worth $631,000 after buying an additional 2,912 shares during the period. Bank of New York Mellon Corp raised its stake in Avaya by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 497,199 shares of the company’s stock worth $5,922,000 after buying an additional 3,505 shares during the period. AEGON USA Investment Management LLC raised its stake in Avaya by 2.4% during the 2nd quarter. AEGON USA Investment Management LLC now owns 172,284 shares of the company’s stock worth $2,052,000 after buying an additional 4,100 shares during the period. Swiss National Bank raised its stake in Avaya by 2.7% during the 2nd quarter. Swiss National Bank now owns 205,900 shares of the company’s stock worth $2,452,000 after buying an additional 5,500 shares during the period. Finally, Strs Ohio raised its stake in Avaya by 10.8% during the 1st quarter. Strs Ohio now owns 64,500 shares of the company’s stock worth $1,085,000 after buying an additional 6,300 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.
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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