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.
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.
Featured Article: Book Value Per Share – BVPS
Receive News & Ratings for Avaya Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avaya and related companies with MarketBeat.com's FREE daily email newsletter.