Brokerage Firm Rating Update on ANSYS (ANSS)

ANSYS (ANSS) : 3 brokerage houses believe that ANSYS (ANSS) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on ANSYS (ANSS). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 2.25.

ANSYS (ANSS) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $101 and the lowest price target forecast is $88. The average forecast of all the analysts is $95.75 and the expected standard deviation is $6.02.


Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Barclays maintains its rating on ANSYS (NASDAQ:ANSS). The rating major has initiated the coverage with equal-weight rating on the shares. The Analysts at Barclays raises the price target from $86 per share to $94 per share. The rating by the firm was issued on August 5, 2016.

ANSYS (NASDAQ:ANSS): stock was range-bound between the intraday low of $94.93 and the intraday high of $95.8 after having opened at $95.04 on Wednesdays session. The stock finally closed in the red at $95.04, a loss of -0.09%. The stock remained in the red for the whole trading day. The total traded volume was 307,707 shares. The stock failed to cross $95.8 in Wednesdays trading. The stocks closing price on Thursday was $95.3.

ANSYS, Inc. (ANSYS) develops and markets engineering simulation software and services. The Company offers the suite to engineers, designers, researchers and students, and for industries and academia, including aerospace, automotive, manufacturing, electronics, biomedical, energy and defense. The Companys product portfolio consists of ANSYS Workbench, Structures, Fluids, Electronics, Systems and Academic. ANSYS Workbench is the framework upon which the Companys suite of engineering simulation technologies is built. The structures product suite offers simulation tools for product design and optimization. The fluids product suite enables modeling of fluid flow. The Companys system simulation capability is to design automated products. The academic product suite provides a portfolio of academic products-based on usage tiers, such as associate, research and teaching.

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