The Brokerages Set Epam Systems Inc. (EPAM) Target Price at $79.90

The Brokerages Set Epam Systems Inc. (EPAM) Target Price at $79.90

Epam Systems Inc. (NYSE:EPAM) has been given an average recommendation of “Buy” by the twelve analysts that are presently covering the firm. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $79.90.

Several equities analysts recently commented on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Epam Systems in a research report on Monday, September 12th. Wedbush assumed coverage on shares of Epam Systems in a research report on Thursday, September 8th. They issued an “outperform” rating and a $82.00 price objective for the company. Needham & Company LLC decreased their price objective on shares of Epam Systems from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, November 8th. Barclays PLC reaffirmed an “equal weight” rating and issued a $70.00 price objective (down from $75.00) on shares of Epam Systems in a research report on Tuesday, November 8th. Finally, Zacks Investment Research lowered shares of Epam Systems from a “buy” rating to a “hold” rating in a research report on Monday, October 31st.

Epam Systems (NYSE:EPAM) opened at 66.90 on Friday. The firm’s 50-day moving average is $64.24 and its 200 day moving average is $68.00. Epam Systems has a one year low of $54.53 and a one year high of $84.41. The stock has a market cap of $3.41 billion, a P/E ratio of 34.88 and a beta of 1.26.

Epam Systems (NYSE:EPAM) last released its quarterly earnings results on Monday, November 7th. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.01. The business earned $298.30 million during the quarter, compared to analyst estimates of $296.12 million. Epam Systems had a net margin of 9.23% and a return on equity of 12.66%. The company’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.70 earnings per share. On average, analysts anticipate that Epam Systems will post $2.87 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. Miles Capital Inc. boosted its stake in shares of Epam Systems by 1.5% in the second quarter. Miles Capital Inc. now owns 3,629 shares of the company’s stock worth $233,000 after buying an additional 52 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Epam Systems by 1.3% in the first quarter. Prudential Financial Inc. now owns 4,770 shares of the company’s stock worth $356,000 after buying an additional 60 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Epam Systems by 1.1% in the third quarter. Principal Financial Group Inc. now owns 6,522 shares of the company’s stock worth $452,000 after buying an additional 72 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Epam Systems by 3.1% in the third quarter. D.A. Davidson & CO. now owns 4,180 shares of the company’s stock worth $288,000 after buying an additional 125 shares during the last quarter. Finally, I.G. Investment Management LTD. boosted its stake in shares of Epam Systems by 0.6% in the second quarter. I.G. Investment Management LTD. now owns 30,770 shares of the company’s stock worth $1,979,000 after buying an additional 170 shares during the last quarter. 94.99% of the stock is currently owned by institutional investors and hedge funds.

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