Mentor Graphics Corporation (NASDAQ:MENT) has an average broker rating of 3.33, which is interpreted as a Hold, as rated by 6 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Mentor Graphics Corporation (NASDAQ:MENT) : 3 Wall Street analysts covering Mentor Graphics Corporation (NASDAQ:MENT) believe that the average level the stock could reach for the short term is $22.67. The maximum price target given is $24 and the minimum target for short term is around $20, hence the standard deviation is calculated at $2.31.
Company shares have received an average consensus rating of Hold for the current week
Mentor Graphics Corporation (NASDAQ:MENT): stock turned positive on Tuesday. Though the stock opened at $20.55, the bulls momentum made the stock top out at $20.765 level for the day. The stock recorded a low of $20.45 and closed the trading day at $20.61, in the green by 0.93%. The total traded volume for the day was 988,467. The stock had closed at $20.42 in the previous days trading.
In an insider trading activity, Barnes Keith, director of Mentor Graphics Corp, unloaded 2,982 shares at an average price of $21.79 on June 20, 2016. The total amount of the transaction was worth $64,978, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Mentor Graphics Corporation is a supplier of electronic design automation (EDA) tools – computer software and emulation hardware systems used to automate the design, analysis and testing of complex electro-mechanical systems, electronic hardware and embedded systems software in electronic systems and components. The Companys products are used in the design and development of a diverse set of electronic products, including automotive electronics, computers and workstations, digital cameras, cellular telephones, medical devices, smart phones, industrial electronics and manufacturing systems. The Company segregated revenues into five categories of similar products and services: Scalable Verification, IC Design to Silicon, Integrated System Design, New and Emerging Products, and Services and Other.