Avaya’s (AVYA) Buy Rating Reaffirmed at Northland Securities

Posted by on Nov 23rd, 2019 // Comments off

Northland Securities reaffirmed their buy rating on shares of Avaya (NYSE:AVYA) in a research report report published on Thursday morning, AnalystRatings.com reports. They currently have a $17.00 target price on the stock.

Other research analysts have also issued research reports about the stock. Guggenheim reaffirmed a buy rating and set a $20.00 price objective on shares of Avaya in a research report on Tuesday. BWS Financial set a $22.00 price objective on shares of Avaya and gave the company a buy rating in a research report on Friday, September 13th. Zacks Investment Research lowered shares of Avaya from a buy rating to a hold rating in a research report on Tuesday, October 22nd. Morgan Stanley upped their price objective on shares of Avaya from $14.00 to $16.00 and gave the company an equal weight rating in a research report on Monday, October 7th. Finally, Citigroup upped their price objective on shares of Avaya from $12.00 to $15.00 and gave the company a neutral rating in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Avaya presently has a consensus rating of Buy and a consensus target price of $18.13.

Avaya stock traded up $0.48 on Thursday, reaching $12.02. 3,028,089 shares of the stock were exchanged, compared to its average volume of 1,896,285. The stock has a market cap of $1.28 billion, a PE ratio of 3.07 and a beta of 1.54. The company has a current ratio of 1.41, a quick ratio of 1.35 and a debt-to-equity ratio of 2.10. Avaya has a twelve month low of $9.72 and a twelve month high of $22.35. The firm has a fifty day moving average price of $12.35 and a two-hundred day moving average price of $12.39.

A number of institutional investors have recently modified their holdings of the business. River Road Asset Management LLC grew its stake in Avaya by 15.1% during the third quarter. River Road Asset Management LLC now owns 2,632,236 shares of the company’s stock worth $26,928,000 after buying an additional 344,588 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Avaya by 1,113.3% during the third quarter. Tower Research Capital LLC TRC now owns 19,777 shares of the company’s stock worth $203,000 after buying an additional 18,147 shares during the last quarter. 1492 Capital Management LLC grew its stake in Avaya by 103.1% during the third quarter. 1492 Capital Management LLC now owns 71,558 shares of the company’s stock worth $732,000 after buying an additional 36,328 shares during the last quarter. SG Americas Securities LLC bought a new stake in Avaya during the third quarter worth about $1,231,000. Finally, First Trust Advisors LP grew its stake in Avaya by 69.4% during the third quarter. First Trust Advisors LP now owns 194,286 shares of the company’s stock worth $1,988,000 after buying an additional 79,599 shares during the last quarter. 99.55% of the stock is currently owned by hedge funds and other institutional investors.

About Avaya

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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Analyst Recommendations for Avaya (NYSE:AVYA)

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