Weekly Research Analysts’ Ratings Updates for Adobe Systems (ADBE)

Adobe Systems (NASDAQ: ADBE) recently received a number of ratings updates from brokerages and research firms:

  • 9/22/2018 – Adobe Systems was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 9/17/2018 – Adobe Systems had its price target raised by analysts at Argus from $289.00 to $320.00. They now have a “buy” rating on the stock.
  • 9/14/2018 – Adobe Systems had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $290.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 9/14/2018 – Adobe Systems had its price target raised by analysts at Robert W. Baird from $280.00 to $290.00. They now have an “outperform” rating on the stock.
  • 9/14/2018 – Adobe Systems had its price target raised by analysts at Credit Suisse Group AG from $275.00 to $300.00. They now have an “outperform” rating on the stock.
  • 9/14/2018 – Adobe Systems had its price target raised by analysts at BMO Capital Markets from $278.00 to $295.00. They now have an “outperform” rating on the stock.
  • 9/14/2018 – Adobe Systems had its price target raised by analysts at Pivotal Research from $235.00 to $254.00. They now have a “hold” rating on the stock.
  • 9/14/2018 – Adobe Systems had its price target raised by analysts at Jefferies Financial Group Inc to $315.00. They now have a “buy” rating on the stock.
  • 9/14/2018 – Adobe Systems had its price target raised by analysts at Citigroup Inc from $260.00 to $309.00. They now have a “buy” rating on the stock.
  • 9/14/2018 – Adobe Systems had its price target raised by analysts at Griffin Securities from $278.00 to $296.00. They now have a “buy” rating on the stock.
  • 9/14/2018 – Adobe Systems had its price target raised by analysts at Stifel Nicolaus from $275.00 to $325.00. They now have a “buy” rating on the stock.
  • 9/14/2018 – Adobe Systems had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $286.00 price target on the stock, up previously from $276.00. They wrote, “We are raising estimates and our PT to $286 from $276. Creative and Experience Clouds post strong results as profits rise 58%.””
  • 9/13/2018 – Adobe Systems was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 9/12/2018 – Adobe Systems had its price target raised by analysts at Barclays PLC to $297.00. They now have an “overweight” rating on the stock.
  • 9/12/2018 – Adobe Systems had its “buy” rating reaffirmed by analysts at Bank of America Corp. They now have a $300.00 price target on the stock.
  • 8/25/2018 – Adobe Systems was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/18/2018 – Adobe Systems was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/7/2018 – Adobe Systems is now covered by analysts at Guggenheim. They set a “neutral” rating and a $275.00 price target on the stock.
  • 7/31/2018 – Adobe Systems was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Shares of NASDAQ ADBE traded up $1.48 during trading on Thursday, reaching $269.95. 25,237 shares of the stock were exchanged, compared to its average volume of 3,131,386. Adobe Systems Incorporated has a twelve month low of $145.39 and a twelve month high of $277.61. The company has a current ratio of 1.66, a quick ratio of 2.08 and a debt-to-equity ratio of 0.21. The stock has a market cap of $131.15 billion, a P/E ratio of 75.19, a PEG ratio of 2.89 and a beta of 1.11.

Adobe Systems (NASDAQ:ADBE) last posted its earnings results on Thursday, September 13th. The software company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.04. Adobe Systems had a net margin of 28.16% and a return on equity of 29.51%. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same period in the previous year, the company posted $1.10 earnings per share. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year. research analysts expect that Adobe Systems Incorporated will post 5.65 EPS for the current fiscal year.

In other news, EVP Ann Lewnes sold 2,941 shares of the business’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $271.14, for a total transaction of $797,422.74. Following the transaction, the executive vice president now directly owns 58,557 shares of the company’s stock, valued at $15,877,144.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Abhay Parasnis sold 10,500 shares of the company’s stock in a transaction on Tuesday, July 24th. The shares were sold at an average price of $260.01, for a total transaction of $2,730,105.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,320 shares of company stock worth $5,031,554. Corporate insiders own 0.33% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of ADBE. Signature Estate & Investment Advisors LLC acquired a new stake in Adobe Systems in the second quarter valued at $107,000. Rainier Group Investment Advisory LLC bought a new stake in Adobe Systems during the first quarter valued at $130,000. Mount Yale Investment Advisors LLC bought a new stake in Adobe Systems during the first quarter valued at $132,000. Archford Capital Strategies LLC bought a new stake in Adobe Systems during the first quarter valued at $136,000. Finally, Centaurus Financial Inc. bought a new stake in Adobe Systems during the second quarter valued at $170,000. 84.72% of the stock is currently owned by hedge funds and other institutional investors.

Adobe Systems Incorporated operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. Its flagship product is Creative Cloud, a subscription service that allows customers to download and install the latest versions of its creative products.

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