Avaya (NYSE:AVYA) Stock Rating Reaffirmed by Goldman Sachs Group

Goldman Sachs Group reissued their buy rating on shares of Avaya (NYSE:AVYA) in a research note published on Tuesday morning, TipRanks reports. They currently have a $18.00 target price on the stock.

Several other brokerages have also recently commented on AVYA. Guggenheim restated a buy rating and issued a $20.00 target price on shares of Avaya in a research report on Tuesday, November 19th. Northland Securities restated a buy rating and issued a $17.00 target price on shares of Avaya in a research report on Thursday, November 21st. Zacks Investment Research cut shares of Avaya from a strong-buy rating to a hold rating in a research report on Wednesday, December 4th. Finally, BWS Financial restated a buy rating on shares of Avaya in a research report on Monday, November 25th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $17.43.

NYSE AVYA opened at $13.40 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.41 and a debt-to-equity ratio of 2.38. The company has a market capitalization of $1.31 billion, a P/E ratio of -2.01 and a beta of 1.58. Avaya has a 12-month low of $9.72 and a 12-month high of $22.35. The firm has a 50-day moving average price of $12.99 and a two-hundred day moving average price of $12.39.

Avaya (NYSE:AVYA) last posted its quarterly earnings data on Wednesday, November 20th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.24). The business had revenue of $726.00 million during the quarter, compared to the consensus estimate of $745.50 million. Avaya had a negative net margin of 25.63% and a positive return on equity of 12.23%. Equities analysts expect that Avaya will post 3.38 EPS for the current year.

Several large investors have recently modified their holdings of AVYA. Victory Capital Management Inc. increased its position in Avaya by 6,401.3% during the 4th quarter. Victory Capital Management Inc. now owns 2,178,390 shares of the company’s stock worth $27,819,000 after purchasing an additional 2,144,883 shares in the last quarter. Point72 Asset Management L.P. increased its position in Avaya by 107.0% during the 4th quarter. Point72 Asset Management L.P. now owns 2,934,008 shares of the company’s stock worth $39,609,000 after purchasing an additional 1,516,608 shares in the last quarter. River Road Asset Management LLC increased its position in Avaya by 46.6% during the 4th quarter. River Road Asset Management LLC now owns 3,857,746 shares of the company’s stock worth $52,080,000 after purchasing an additional 1,225,510 shares in the last quarter. FMR LLC acquired a new position in Avaya during the 1st quarter worth approximately $20,120,000. Finally, Fort Washington Investment Advisors Inc. OH increased its position in Avaya by 118.0% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,754,496 shares of the company’s stock worth $23,686,000 after purchasing an additional 949,700 shares in the last quarter.

Avaya Company Profile

Avaya Holdings Corp., through its subsidiaries, provides digital communications products, solutions, and services for businesses worldwide. The company operates through two segments, Products & Solutions, and Services. The Products & Solutions segment offers unified communications and contact center platforms, applications, and devices.

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Analyst Recommendations for Avaya (NYSE:AVYA)

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