Shares of Manhattan Associates, Inc. (NASDAQ:MANH) have received an average recommendation of “Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $92.00.
Several analysts have commented on MANH shares. ValuEngine lowered Manhattan Associates from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised Manhattan Associates from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Tuesday, October 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $100.00 target price on shares of Manhattan Associates in a research note on Friday, November 8th. SunTrust Banks increased their target price on Manhattan Associates from $85.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, BidaskClub raised shares of Manhattan Associates from a “hold” rating to a “buy” rating in a research note on Saturday.
MANH stock opened at $82.55 on Wednesday. Manhattan Associates has a 52-week low of $39.01 and a 52-week high of $89.53. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.22. The firm has a market cap of $5.34 billion, a P/E ratio of 52.25 and a beta of 1.49. The company’s 50-day simple moving average is $78.54 and its 200-day simple moving average is $76.95.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. purchased a new stake in shares of Manhattan Associates during the second quarter worth approximately $40,000. CWM LLC grew its holdings in shares of Manhattan Associates by 25.4% during the second quarter. CWM LLC now owns 647 shares of the software maker’s stock worth $45,000 after buying an additional 131 shares in the last quarter. Quest Capital Management Inc. ADV purchased a new stake in shares of Manhattan Associates during the third quarter worth $73,000. Transamerica Financial Advisors Inc. acquired a new stake in shares of Manhattan Associates in the second quarter valued at about $111,000. Finally, HM Payson & Co. acquired a new stake in shares of Manhattan Associates in the second quarter valued at about $143,000.
Manhattan Associates Company Profile
Manhattan Associates, Inc develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations for retailers, wholesalers, manufacturers, logistics providers, and other organizations. The company offers Manhattan SCALE, a portfolio of logistics execution solutions that provide trading partner management, yard management, optimization, warehouse management, and transportation execution services; and Manhattan Active, a set of enterprise and store omni-channel solutions.
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