Brokerage Firm Rating Update on PTC (PTC)

PTC (PTC) : 6 analysts are covering PTC (PTC) and their average rating on the stock is 1.5, which is read as a Strong Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. PTC (PTC) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

PTC (PTC) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $52 and the lowest price target forecast is $39. The average forecast of all the analysts is $45.83 and the expected standard deviation is $4.26.


For the current week, the company shares have a recommendation consensus of Buy. Also, Citigroup initiates coverage on PTC (NASDAQ:PTC). The shares have now been rated Buy by the stock experts at the ratings house. Citigroup announces the current price target of $48 per share on PTC . The rating by the firm was issued on August 1, 2016.

PTC (NASDAQ:PTC): The stock opened at $43.57 and touched an intraday high of $43.75 on Wednesday. During the day, the stock corrected to an intraday low of $41.4, however, the bulls stepped in and pushed the price higher to close in the green at $43.74 with a gain of 0.39% for the day. The total traded volume for the day was 516,318. The stock had closed at $43.57 in the previous trading session.

PTC Inc., develops and delivers technology solutions, comprised of software and services, that transform the way customers create and service their products The Company operates in two Software Products, which includes license and related support revenue for all its products except training-related products, and Services, which includes consulting, implementation, training and license and support revenue for computer-based training products. The Companys solutions and software products include Computer-Aided Design (CAD), Product Lifecycle Management (PLM), Application Lifecycle Management (ALM), Supply Chain Management (SCM) and Service Lifecycle Management (SLM). The Company generates revenue through the sale of software licenses, support and services.

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