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VRTU

Virtusa

$50.48

0.49 (0.98%)

07:17
03/13/18
03/13
07:17
03/13/18
07:17

Virtusa's eTouch purchase to expand FY19 SMAC revenue mix, says Wedbush

Wedbush analyst Moshe Katri maintained raised his price target on Virtusa to $60 from $55 and maintained an Outperform rating on shares following the announcement that Virtusa has acquired eTouch for $140M in cash. In a research note to investors, Katri said he expects the eTouch acquisition to expand the company's FY19's social, mobile, analytics and cloud space revenue mix to 39%. He believes Virtusa's results will continue to benefit from a gradual IT spending recovery in the Financial Services vertical, helping accelerate top-line growth, while scaling margins.

  • 19

    Mar

VRTU Virtusa
$50.48

0.49 (0.98%)

11/17/17
NEED
11/17/17
NO CHANGE
Target $55
NEED
Buy
Virtusa price target raised to $55 from $45 at Needham
Needham analyst Mayank Tandon raised his price target on Virtusa to $55 and kept his Buy rating following meetings with company management. Tandon says the discussion added to his confidence regarding Virtusa's ability to "sustain above-industry revenue growth while continuing to expand operating margins". The analyst says the second half of FY18 and FY19 will show strong top-line growth as a result of strength in the company's core banking vertical along with improving trends in the insurance, healthcare, and telecom segments.
11/10/17
RHCO
11/10/17
NO CHANGE
Target $52
RHCO
Buy
Virtusa price target raised to $52 from $38 at SunTrustCiti
SunTrust analyst Frank Atkins raised his price target on Virtusa (VRTU) to $52 and kept his Buy rating following Q2 results. Atkins says that despite the significant stock reaction to the report, the company's "solid growth trajectory and steady margin improvement" should support the multiple given the traction with Virtusa's top client Citigroup (C) and growth across its product portfolio.
11/09/17
BRRR
11/09/17
NO CHANGE
Target $52
BRRR
Outperform
Virtusa price target raised to $52 from $40 at Barrington
Barrington analyst Vincent Colicchio raised his price target for Virtusa to $52 following the company's Q2 results. The analyst says the company is gaining share in banking and keeps an Outperform rating on the name.
11/09/17
MAXM
11/09/17
UPGRADE
Target $51
MAXM
Buy
Virtusa upgraded to Buy at Maxim amid strong ramp in banking wins
As previously reported, Maxim analyst Brian Kinstlinger upgraded Virtusa (VRTU) to Buy from Hold and set a $51 price target. Kinstlinger cites increasing demand from its largest customer - Citigroup (C) - as well as generally stronger-than-expected ramp on recent large banking wins driving Q2 revenue beat. The analyst also calls the Polaris acquisition "one of the best we've seen in IT services market", as Virtusa benefited from its large UK banking win.

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RHHBY

Roche

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EA

Electronic Arts

$82.57

-1.29 (-1.54%)

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Gilead

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FIVE

Five Below

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-6.19 (-6.09%)

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Genmab

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UCB

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SWTUY

Swedish Orphan Biovitrum

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MOR

MorphoSys

$27.63

-0.105 (-0.38%)

, JNJ

Johnson & Johnson

$145.38

-0.52 (-0.36%)

05:06
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MorphoSys, Johnson & Johnson rating change  »

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MOR

MorphoSys

$27.63

-0.105 (-0.38%)

JNJ

Johnson & Johnson

$145.38

-0.52 (-0.36%)

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SLG

SL Green Realty

$93.32

-2.41 (-2.52%)

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CMA

Comerica

$74.07

-1.04 (-1.38%)

04:59
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Comerica rating change  »

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  • 16

    Jan

PII

Polaris Industries

$88.44

-2.37 (-2.61%)

04:58
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Polaris Industries rating change  »

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  • 13

    Dec

MPX

Marine Products

$21.59

-0.21 (-0.96%)

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VC

Visteon

$67.58

-4.1 (-5.72%)

04:55
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Visteon rating change  »

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CORT

Corcept Therapeutics

$13.06

0.01 (0.08%)

04:55
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Conference/Events
Corcept Therapeutics management to meet with B.Riley FBR »

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  • 10

    Dec

BRG

Bluerock Residential

$9.55

-0.22 (-2.25%)

04:55
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Conference/Events
Bluerock Residential management to meet with JMP Securities »

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GRUB

GrubHub

$76.80

-4.57 (-5.62%)

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GrubHub management to meet with Oppenheimer »

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HWC

Hancock Whitney

$38.24

0.25 (0.66%)

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Hancock Whitney management to meet with Sandler O'Neill »

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KMPR

Kemper

$69.81

-2 (-2.79%)

04:55
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Conference/Events
Kemper management to meet with William Blair »

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NBGIF

National Bank of Greece

$0.00

(0.00%)

04:55
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National Bank of Greece management to meet with Morgan Stanley »

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  • 10

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RESI

Front Yard Residential

$9.69

(0.00%)

04:55
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Conference/Events
Front Yard Residential management to meet with JMP Securities »

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  • 10

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PETQ

PetIQ

$31.46

0.09 (0.29%)

04:55
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Conference/Events
PetIQ management to meet with William Blair »

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  • 10

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AMAG

Amag Pharmaceuticals

$17.53

-0.58 (-3.20%)

04:55
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Conference/Events
Amag Pharmaceuticals management to meet with Leerink »

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  • 23

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ATO

Atmos Energy

$98.80

0.26 (0.26%)

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BC

Brunswick

$49.58

-1.56 (-3.05%)

04:55
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  • 10

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CMCO

Columbus McKinnon

$31.52

-0.88 (-2.72%)

04:55
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Columbus McKinnon management to meet with Roth Capital »

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  • 10

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