Check Point Software Technologies Given New $71.00 Price Target at BMO …

//Check Point Software Technologies Given New $71.00 Price Target at BMO …

Check Point Software Technologies Given New $71.00 Price Target at BMO …

By | 2014-10-25T19:26:29+00:00 October 25th, 2014|Business|0 Comments

Equities research analysts at BMO Capital Markets increased their target price on shares of Check Point Software Technologies (NASDAQ:CHKP) from $70.00 to $71.00 in a research note issued to investors on Thursday. The firm currently has a “market perform” rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Check Point Software Technologies in a research note on Thursday, September 4th. They now have a $75.00 price target on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of Check Point Software Technologies in a research note on Thursday, August 28th. They set a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Check Point Software Technologies currently has a consensus rating of “Buy” and a consensus target price of $75.50.

Shares of Check Point Software Technologies (NASDAQ:CHKP) traded up 1.62% on Thursday, hitting $72.15. The stock had a trading volume of 596,291 shares. Check Point Software Technologies has a one year low of $57.72 and a one year high of $72.78. The stock’s 50-day moving average is $69.50 and its 200-day moving average is $67.07. The company has a market cap of $13.704 billion and a P/E ratio of 20.92.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.93 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.91 by $0.02. The company had revenue of $370.00 million for the quarter, compared to the consensus estimate of $367.10 million. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts predict that Check Point Software Technologies will post $3.69 earnings per share for the current fiscal year.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) develops technologies to communications and transactions over the Internet by enterprises and consumers.

Receive News Ratings for Check Point Software Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Check Point Software Technologies and related companies with Analyst Ratings Network’s FREE daily email newsletter.