GARP Research Reaffirms Buy Rating on Micros Systems (MCRS)
Micros Systems (NASDAQ: MCRS)‘s stock had its “buy” rating reiterated by investment analysts at GARP Research in a note issued to investors on Monday.
Shares of Micros Systems opened at 57.10 on Monday. Micros Systems has a one year low of $38.38 and a one year high of $57.62. The company has a market cap of $4.683 billion and a P/E ratio of 29.14.
The company last announced its quarterly results on Thursday, April 26th. It reported $0.56 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.52 EPS by $0.04. The company’s quarterly revenue was up 9.8% on a year-over-year basis. On average, analysts predict that Micros Systems will post $0.54 earnings per share next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wedbush raised their price target on shares of Micros Systems from $60.00 to $65.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Needham & Company reiterated a “buy” rating on shares of Micros Systems in a research note to investors on Friday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Micros Systems in a research note to investors on Wednesday, April 18th. They now have a $58.00 price target on the stock.
MICROS Systems, Inc. (MICROS) is a designer, manufacturer, marketer, and servicer of enterprise information solutions for the global hospitality and retail industries.