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ANSS

Ansys

$210.58

-3.71 (-1.73%)

12:55
09/12/19
09/12
12:55
09/12/19
12:55

Ansys margin outlook below prior range amid investments, says JPMorgan

JPMorgan analyst Jackson Ader says the biggest news from Ansys' analyst day came during the financial outlook when CFO Maria Shields laid out annual contract value growth expectations of 11% through 2022 with margins in the 42%-44% range. This is an increase from the double-digit organic growth that was the target from 2017-2020, but the margin profile is below the previous range, Ader tells investors in a research note. He believes growth continues to be Ansys' top priority with investments being increased to drive it. The analyst keeps a Neutral rating on the shares. The stock in afternoon trading is down 1.5% to $211.39.

  • 12

    Sep

ANSS Ansys
$210.58

-3.71 (-1.73%)

07/11/19
WEDB
07/11/19
NO CHANGE
Target $228
WEDB
Outperform
Ansys price target raised to $228 from $221 at Wedbush
Wedbush analyst Steve Koenig raised his price target for Ansys to $228 from $221 as he expects the company's "sharp focus" on driving adoption at large accounts to drive 2019 upside, with double-digit growth on key metrics. The analyst likes Ansys' fundamentals, including its sustainable growth trend, strong margin profile, and market leadership in engineering simulation, and sees valuation as attractive. Koenig reiterates an Outperform rating on the shares.
07/22/19
SBSH
07/22/19
INITIATION
SBSH
Buy
Ansys initiated with a Buy at Citi
07/22/19
SBSH
07/22/19
INITIATION
Target $250
SBSH
Buy
Ansys initiated with a Buy at Citi
Citi analyst Tyler Radke started Ansys with a Buy rating and $250 price target. The analyst likes the shares as a "non-consensus idea." The company's execution improvements and "upstream" simulation opportunity are being underestimated by the market, while an eventual subscription transition is a "long-term call option," Radke tells investors in a research note.
09/11/19
JPMS
09/11/19
UPGRADE
Target $228
JPMS
Neutral
Ansys assumed with a Neutral from Underweight at JPMorgan
JPMorgan analyst Jackson Ader assumed coverage of Ansys and upgraded the shares to Neutral from Underweight with a price target of $228, raised from $190. The analyst sees Ansys as the most defensive name in the cyclical Simulation and Optimization Software sector, with its "industry diversity" and a 40%-plus margin profile "providing flexibility in a down market." However, the shares are currently trading at 35 times estimated 2020 free cash flow, "well beyond" the industry average of 22 times over the last 10 years, Ader tells investors in a research note.

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ANTM

Anthem

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ANTM

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