Adobe Systems Incorporated (ADBE) Given Buy Rating at Canaccord Genuity

Investors who observing the volume trend of Adobe Systems Incorporated (ADBE) over recent time; they noted that 8.24 million shares changed at hands contradiction to its average trading volume of 2.46 million. Comparatively, Adobe Systems Incorporated posted earnings of $0 per share in the same quarter previous year. Equities analysts anticipate that Adobe Systems will post $3.95 earnings per share for the current fiscal year. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $4.65 on company shares. Peapack Gladstone reported 0% in Adobe Systems Incorporated (NASDAQ:ADBE).

Adobe Systems Incorporated (ADBE) stock price away from 20 day simple moving average surged at 2.42% while its distance from 50 day simple moving average raised 5.61% along with 22.77% above away from two hundred simple moving averages. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.73 billion. The ratio dropped, as 352 funds increased and started new equity positions, while 344 sold and reduced equity positions in Adobe Systems Inc. During the same quarter previous year, the business earned $0.71 EPS.

A number of other analysts also recently commented on the stock.

A look at some of the inputs to technical analysis model shows how Adobe Systems Incorporated current price compares to its recent moving averages. Citigroup maintained the shares of ADBE in report on Friday, March 18 with "Buy" rating.

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SIRI share have rallied by 17.75% in percentage terms since the start of the year - and added 6.07% in the last month. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.04.

This stock is ahead of its 52-week low with +86.19%. Credit Suisse Group raised shares of Adobe Systems from a "neutral" rating to an "outperform" rating and upped their target price for the company from $125.00 to $150.00 in a research report on Friday, March 24th.

Ratings analysis reveals 81% of Adobe Systems's analysts are positive. Morgan Stanley reiterated an "equal weight" rating and issued a $137.00 price target on shares of Adobe Systems in a research note on Friday, June 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-six have given a buy rating to the company's stock. And Canaccord Genuity stayed with a buy rating and hiked its target to 165 from 145.

Adobe Systems Inc (NASDAQ:ADBE) institutional sentiment decreased to 1.02 in Q4 2016. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & global copyright legislation. The correct version of this article can be read at Also, EVP Ann Lewnes sold 2,233 shares of the business's stock in a transaction dated Wednesday, April 12th. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. The company has its outstanding shares of 420.74 million. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The shares were sold at an average price of $129.96, for a total transaction of $290,200.68. Moreover, Fic Capital Inc has 6.9% invested in the company for 133,100 shares. The disclosure for this sale can be found here. Another trade for 55,000 shares valued at $6.26 million was sold by THOMPSON MATTHEW. BlackRock Inc. raised its stake in Adobe Systems by 1,894.1% in the first quarter. Following the sale, the executive vice president now directly owns 64,177 shares in the company, valued at approximately $8,719,087.22. Finally, Pioneer Investment Management Inc. acquired a new stake in Adobe Systems during the first quarter valued at approximately $201,774,000. Mitsubishi UFJ Securities Holdings Co. Rafferty Asset Management LLC raised its stake in shares of Adobe Systems by 31.0% in the fourth quarter. Over the last 90 days, insiders sold 26,699 shares of company stock worth $3,510,611.

Adobe Systems (ADBE) traded down 0.38% during midday trading on Thursday, hitting $143.69.

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The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares. The stock has a market cap of $71.08 billion, a P/E ratio of 54.86 and a beta of 0.98.

Shares of Adobe Systems Incorporated (ADBE) touched the day high at $147.45 while its day Low was at $142.75.

The simple 20 day moving average for Adobe Systems Incorporated is 2.42% and the simple 200-day moving average is at 22.77%. There is a large variety of Financial Ratios that can be considered while making an investment decision but here in the case of Adobe Systems Incorporated (ADBE), we will discuss a few. Investors bought 438 put options on the stock.

While trading at volume above than average, Avon Products, Inc.

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